Brandywine Global Favors Treasuries, Pound; 'Underweight' Dollar

The video discusses the current trends in the bond market, highlighting the influence of secular disinflationary forces and the potential for a global recession. It examines factors that could drive US Treasury yields lower, such as a strong US dollar and trade uncertainties. The video also explores the shift in global monetary policy towards stimulation and the potential risks associated with tariffs. The role of the Bank of Japan in managing yields and the need for fiscal stimulus are discussed. Finally, the video provides an optimistic outlook on the British pound despite Brexit challenges, predicting a long-term downtrend for the US dollar.

What are the potential impacts of U.S.-China trade relations on the economy?

What is the speaker's perspective on the future of the British pound?

What are the expected long-term trends for the U.S. dollar and how might they affect sterling?