Bonds Saw Spectacular Move Higher in Yields: SocGen’s Rajappa

The transcript discusses recent volatility in the bond market, highlighting a significant move in yields and the impact of the reflation trade post-election. It explores the dynamics between equities and bonds, noting a potential shift towards riskier assets. The analysis includes financial trends, particularly focusing on JP Morgan's performance. The discussion also covers market positioning post-election, influenced by Pfizer's vaccine news, and the logistical challenges of vaccine deployment, which could affect market reactions and correlations between equities and bonds.

What was a significant factor in the recent bond market fluctuations?

• The reflation trade post-election

• A decrease in interest rates

• A surge in gold prices

• A new fiscal policy announcement

What does the speaker suggest about the potential for a new bull market?

• It has already started

• It is certain to happen soon

• It is unclear and requires further analysis

• It is unlikely due to current trends

What was the impact of the surprise news from Pfizer on the bond market?

• It caused bond prices to rise

• It led to a massive sell-off

• It stabilized the bond market

• It had no significant impact

How does the speaker view the relationship between equities and bonds in the current market?

• They have no correlation

• They are positively correlated

• They are moving in the same direction

• They are negatively correlated

What logistical challenge is highlighted in the context of vaccine deployment?

• Limited production capacity

• Distribution across multiple vaccine makers

• Lack of public interest

• High cost of vaccines