Rep. French Hill, (R) Arkansas, says GOP principals remain intact but the party has lost their way tactically as Kevin McCarthy was ousted as House Speaker. Gene Tannuzzo, Columbia Threadneedle Global Head of Fixed Income, says we have seen a steepening that should give investors pause. Andrew Hollenhorst, Citi Chief US Economist, says the fact that 10-year yields are higher is probably consistent with what the Fed is trying to achieve. Chris Marinac, Janney Montgomery Scott Director of Research, doesn't expect any big bank failures to happen this year. Jennifer Flitton, Invesco Head of US Government Affairs, says a US government shutdown on November 17th is possible. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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