Bloomberg Market Wrap 11/13: 10-Year Yield, AbbVie, Defensive Stocks

The video discusses market movements in equities, bonds, currencies, and commodities. It highlights small stock movements and significant bond yield changes, with a focus on the 10-year yield and its implications. The corporate bond market is analyzed, particularly AbbVie's major deal and its impact. The video also examines defensive sectors, emphasizing healthcare over utilities based on PE ratios.

What was the significant movement in the bond market discussed in the first section?

• The 10-year yield increased by five basis points.

• The 10-year yield decreased by five basis points.

• The 10-year yield remained unchanged.

• The 10-year yield increased by ten basis points.

What was the purpose of AbbVie's major bond offering?

• To fund its purchase of Walgreens Boots Alliance.

• To fund its purchase of Allergan.

• To refinance existing debt.

• To invest in new technology.

What was the impact of AbbVie's bond offering on investment-grade bond spreads?

• Spreads remained stable.

• Spreads fluctuated without a clear trend.

• Spreads decreased to a 20-month low.

• Spreads increased to a 20-month high.

According to UBS, which sector should be prioritized within defensives?

• Consumer goods over utilities.

• Utilities over health care.

• Health care over utilities.

• Technology over health care.

What was the notable change in the health care index's forward PE ratio?

• It remained the same as the S&P 500 utilities index.

• It increased by 29% above the S&P 500 utilities index.

• It decreased by 29% below the S&P 500 utilities index.

• It increased by 15% above the S&P 500 utilities index.