Bloomberg Market Wrap 11/26: Treasury Auction, Corporate Bonds, Casino Stocks

The video discusses the US Treasury's recent auction of two-year notes, highlighting strong demand despite rising yields. It then shifts to the stock market, noting a rally but cautioning about potential risks due to widening corporate bond spreads. Finally, it covers the surge in casino stocks driven by positive expectations for Macau's gaming receipts, despite past declines due to typhoons and economic concerns.

What was notable about the recent US Treasury auction of two-year notes?

• It indicated strong demand despite rising yields.

• Investors were reluctant to buy due to high risk.

• Primary dealers took the largest share since January.

• It had the highest yield in a decade.

What does a widening corporate bond spread typically indicate?

• Investors are willing to accept lower returns.

• There is a decrease in market volatility.

• Investors demand higher returns for increased risk.

• Corporate bonds are becoming less risky than Treasuries.

Which sector was a significant winner in the equity markets, according to the report?

• Retail stocks

• Technology stocks

• Casino stocks

• Energy stocks

What external factors affected Macau's gaming receipts recently?

• Typhoons and economic concerns

• Increased competition from other regions

• New gaming regulations

• A surge in local tourism

What percentage of revenue does Wynn Resorts derive from Macau?

• 19%

• 100%

• 60%

• 73%