Surveillance: Treasury Curve Immune to Equity Moves, Patel Says
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 3 October 2019
⏱️ 27 minutes
🧾️ Download transcript
Summary
Krishna Memani, Invesco Vice Chairman of Investments, says the U.S. economy will be able to grow at a reduced rate, despite trade tensions and manufacturing weakness, because of the momentum in the consumer and service sectors. Margaret Patel, Wells Capital Management Senior Portfolio Manager, thinks that the treasury curve is pretty much immune to short-term fluctuations in stocks. Shuli Ren, Bloomberg Opinion Columnist, says U.S. investors see China as a big country with "a lot" of demand, but no supply. Dean Curnutt, Macro Risk Advisors CEO, discusses the implications of a global economic slowdown on the VIX index.
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| 0:00.0 | Join us in New York on November 29th for the Bloomberg Canadian Finance Conference, |
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| 0:43.5 | Daily, we bring you insight from the best |
| 0:45.9 | in economics, finance, investment, and international relations. |
| 0:49.9 | Find Bloomberg Surveillance on Apple Podcasts SoundCloud, Bloomberg.com and of course |
| 0:56.1 | on the Bloomberg. |
| 0:58.0 | A good colleague of mine once told me there's one thing investors won, tomorrow's prices. Well today I think most people would settle |
| 1:04.7 | for one thing, an advance read of the non-manufacturing ISM. That data point comes out in around |
| 1:11.1 | about three hours time. Here in New York that is where the focus is |
| 1:15.1 | Christian Mamani joining us on the phone now I'm pleased to say |
| 1:17.8 | Invesco Vice Chairman of Investments. |
| 1:20.6 | Krishna great to have you with us let's just start with that data point. |
| 1:23.6 | How important will that read be at 10 a.m. for this market? |
| 1:27.2 | Well, so we know the manufacturing economy in the U.S. is in a recession or if not a recession very close to a recession. |
| 1:35.8 | So if there is salvation, the past of salvation lies through the service economy doing |
| 1:41.8 | meaningfully better and employment going up because of that |
| 1:45.9 | service economy. |
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