Treasuries Soar as Tech-Stock Selloff Lures Investors to Havens
Channel: Bloomberg Television
Uploaded:
Duration not recorded
Read a transcript preview of “Treasuries Soar as Tech-Stock Selloff Lures Investors to Havens” from Bloomberg Television, uploaded on 2026-11-05.
Transcript preview
Language: English (original, YouTube automatic captions)
[0:00] we've seen a little bit of a rally and
[0:01] also some bull steepening here. So, what
[0:03] that means is that 2-year yields are
[0:05] going down faster than 10-year yields,
[0:07] right? So, that's one of the key uh key
[0:10] spreads that we look at is the
[0:11] difference between those two. And that's
[0:13] because the market is pricing out the
[0:15] chance of uh significantly more rate
[0:17] hikes. In fact, the market was pricing
[0:20] for a December hike and then a March
[0:22] hike, and now we're not fully priced
[0:24] until June for that uh for that second
[0:27] hike. So, I I think the market is
[0:29] getting a little bit worried and and
[0:31] skeptical that the Fed's going to be
[0:33] able to continue to hike because maybe
[0:35] we're going to have a slowdown. And
[0:36] look, we we keep on talking about
[0:37] Washington. I don't think a lot of this
[0:39] is has to do with Washington, but has to
[0:41] do with the local elections like you
[0:43] were just mentioning th