“Now 45% of the long-term bonds we do, so they're the bonds that we do for off the plan, 45% of them are for investors.”
DP
Deposit Power
Broker Daily Podcast Network ·
“When 10 year notes were at 65 basis points, there was no value in owning bonds whatsoever. For one, they had a negative expected return. And two, they couldn't rally if the economy went in the trash. Now, they belong in the conversation.”
Andy Constan · Monetary Matters with Jack Farley · Growth Expectations Are Probably Too High | Andy Constan on Post-Midterms Macro View, Bond Supply Issue, and QRA (Quarterly Refunding Announcement)
Play from 7:56
7:56
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What was described
went aggressively long bonds in early October
10-year yields were at 65 basis points
Said nearby on the same subject
“I’m actually in the midst of flattening out my long, which was a maximum long bond position in the process of flattening that out in the next day or two.”
AC
Andy Constan
Monetary Matters with Jack Farley ·
“I mean, Morgan Stanley went from 60-40 equities, bonds to 60% bonds, 20% or I mean, 60% equities, 20% bonds, 20% gold, which is pretty amazing for one of the biggest US wire houses.”
♫
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“Manufacturing is one of the sectors which we identified very early on in October 2020. This was just six months after the first wave of COVID.”
♫
Said on The Core Report
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