Guggenheim's Minerd Bullish on Bonds Long Term

The video discusses recent changes in the 10-year yield, highlighting a significant shift in late July. It explores the potential for negative rates without Federal Reserve intervention, noting seasonal trends in bond markets. The speaker emphasizes deflationary pressures due to debt accumulation and predicts a possible drop in the 10-year note to negative rates within 18 months. Despite poor returns, the speaker remains optimistic about bonds long-term, citing economic pressures that may lead to negative trends, especially without stimulus packages.

What recent change in the 10-year yield is highlighted in the video?

• It remained stable.

• It reached an all-time low.

• It fell to a 5-year low.

• It rose to an 8-week high.

What is the traditional seasonal pattern for bond yields mentioned in the video?

• Yields typically fall in the second week of August.

• Yields remain unchanged in the second week of August.

• Yields typically rise in the second week of August.

• Yields are unpredictable in the second week of August.

According to the video, what is a significant deflationary pressure on the economy?

• Strong economic growth

• Increasing debt levels

• Rising interest rates

• High employment rates

What do the economic models predict about the 10-year note in the next 18 months?

• It will rise to 3%.

• It will reach a positive 2%.

• It will remain stable.

• It will go to negative half of 1%.

What long-term economic issue is discussed as a potential cause for negative rates?

• Excessive government spending

• Permanent damage to the economy

• High inflation rates

• Rapid technological advancement