U.S. 10-Year at Bottom End of Fair Value Range, JPM's Bilton Says

The video discusses the dynamics of credit and treasury markets, focusing on how treasury market movements reflect growth expectations and Fed policy changes. It highlights the US economy's current state, suggesting a fair value range for treasuries. Despite some risks, the credit market remains attractive due to easy monetary policy, with no immediate recession expected.

What is one of the main factors driving treasury market movements?

• Decrease in unemployment rates

• Rise in oil prices

• Increase in consumer spending

• Repricing of growth expectations

How are global yields generally correlated?

• They are negatively correlated

• They are positively correlated

• They are not correlated

• They are inversely correlated

What is the suggested fair value range for US treasury yields according to the transcript?

• 3.0% to 3.5%

• 2.25% to 2.80%

• 2.0% to 2.5%

• 1.5% to 2.0%

What is the expected lead time for a recession signal from a yield curve inversion?

• 24 to 30 months

• 18 to 24 months

• 12 to 18 months

• 6 to 12 months

Why is credit considered an attractive carry class despite some risks?

• Because of easy monetary policy

• Due to high inflation rates

• Owing to strong corporate earnings

• Because of low unemployment rates