Lawrence Gillum
speaker
401 appearances
22 recordings
3 series
first heard Mar 2024
last heard yesterday
Lawrence Gillum’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 21 in all, peaking in Sep 2026 with 5.
Appearances
I'm Justin Ho for Marketplace.
If you're planning a trip with your family for the summer, maybe you're not going to try to take them to Europe.
Maybe you're going to go somewhere local instead.
Flight prices are up 20 to 30 percent in some cases, yet the numbers of people who say they're going to cut back on travel are very small.
U.S.
treasuries are the gold standard for government debt.
Investors from around the world always show up to treasury auctions to load up on bonds.
But every time, the question is how much yield are they going to demand for their money?
It all comes back down to compensation.
Are you going to get compensated for owning a security above the inflationary expectations?
That's Lawrence Gillum, chief fixed income strategist with LPL Financial.
He says investors are worried that prices will keep rising over the next few years and eat up whatever interest they get on those bonds.
So the higher the inflation, the lower your actual interest.
call it real return that you're going to get from the fixed income markets.
As a result, investors have been demanding higher yields on short-term government debt.
Yields on two-year treasuries have risen more than a full percentage point since the war started.
But yields on long-term government debt, as in 10- and 30-year bonds, haven't risen so quickly.
Griffith says one reason is because rate hikes have long-term consequences.
Another factor that's keeping a lid on long-term yields is the expectation that the Strait of Hormuz will eventually open again.
John Canavan is lead market analyst at Oxford Economics.
Showing 261–280 of 401 · page 14 of 21
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