Yields to Have Trouble Rising Without Structural Changes: CIBC
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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Tom Tucci (CIBC World Markets Corp)
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UUID: 7947283
(Bloomberg) -- The global demand for yield still exists but until something changes structurally in economies or central banks are able to reduce their balance sheets, it will be difficult for bond yields to rise significantly, Tom Tucci, CIBC’s head of U.S. Treasury trading, said in an interview with Bloomberg Radio.
- Doesn’t expect Fed to raise rates again this year; economic data will likely be "fuzzy enough" because of hurricane-related activity that will sour readings
- Fed would likely be "better off focused on the balance sheet"
- ALSO: Hurricanes May Slash U.S. Q3 GDP to 2% While Boosting Q4: CIBC
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Tom Tucci (CIBC World Markets Corp)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283