Pimco's Kiesel Sees No Risk Premium Built Into Yield Curve

The video discusses the current state of the bond market, highlighting a rally due to the Fed's actions. It covers the global economic slowdown, particularly in China, and its impact on earnings and equities. The discussion also touches on the US's financial situation, including deficits and debt, and analyzes the yield curve, noting the absence of a risk premium and predicting a potential rise in yields and steepening of the curve.

What is the current stance on interest rate risk according to the trading floor's mood?

• Neutral

• Underweight

• Highly aggressive

• Overweight

Which country's economic slowdown is highlighted as significant in the discussion?

• Brazil

• Germany

• China

• India

What is the expected trend for profit earnings estimates according to the discussion?

• They will increase

• They will remain stable

• They will decrease

• They will fluctuate unpredictably

What is the current state of the US treasury curve as discussed?

• Flat

• Volatile

• Steep

• Inverted

What is PIMCO's expectation regarding the yield curve?

• It will flatten further

• It will become inverted

• It will steepen

• It will remain unchanged