“Normally we would see yields plunge in the face of these geopolitical events. And we had that reaction but we’re right up again. Does that represent a fundamental reassessment of Treasuries as a risk-free asset?”
Chief U.S. Economist Lara Rhame joined Lisa Abramowicz and Morgan Stanley CIO Lisa Shalett on “Bloomberg Surveillance” to discuss emerging vulnerability in the U.S. Treasury market. She addressed the correction around big tech, shadow tightening and what the latest Personal Consumption Expenditures Price (PCE) data may tell us about the future of inflation.
Watch the video to hear more from Lara.