Telis Demos

speaker

656 appearances 10 recordings 1 series first heard Jun 2018 last heard Dec 2024

Telis Demos’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

newest first · ▶ plays the moment

I use that.

Well, first, let's break down what is the Trump trade, right?

The Trump trade really comes down to two big macro moves, and that's stock prices are up and bond yields are up.

So let's talk about bonds.

Yields on 10-year treasuries are still much higher than they were three months ago.

Three months ago, they were under 4%.

Now, they're flirting with 4.5%.

There was a surge on November 6th.

That didn't quite continue.

They've been a little up and down from there, but they're still up.

And why are treasuries part of this Trump trade?

Well, on the good side, because faster economic growth generally means that the Fed is going to have to raise rates in the long term.

But on the bad side, people are worried about how tax cuts, Trump promised a lot of cuts, how those things might impact the deficit.

And a wider deficit means the government is just going to have to keep selling more and more treasuries, supply and demand.

Those yields go up.

So, Gunjan, tell me about what's been happening with the stock market.

Has that trade started to lose any steam as well?

Of course, everything's connected.

And treasuries have been tempting.

Those high yields mean...

Showing 81–100 of 656 · page 5 of 33