Treasuries rallied as President Donald Trump’s comments on Sunday that the US economy is facing “a period of transition” added to concern that an economic slowdown could be just around the corner.
Rates strategists are already adapting to this period of elevated volatility globally. With yields surging across Europe on the prospect of higher spending, Citigroup recommended that investors short Treasuries versus bunds. JPMorgan Chase & Co., meanwhile, lowered its interest-rate forecasts on risks to US growth.
Veda Partners Director of Economic Policy Henrietta Treyz, discusses the market reaction to the president's string of trade war salvos, and explains why White House aides and Republican lawmakers alike are struggling to keep up with Trump's messaging on tariffs and the looming government shutdown. Henrietta speaks with Tom Keene and Paul Sweeney Bloomberg Radio.
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