Pulling the Bull Over Your Eyes?

The transcript discusses the uncertainty in market drivers, focusing on trade deals and their impact on the economy. It highlights skepticism about trade agreements, particularly in agriculture, and examines how these factors influence Treasury yields. The conversation also covers inflation expectations and the Federal Reserve's policy, predicting future rate hikes and market trends. The discussion emphasizes the complexity of market dynamics and the challenges in making accurate predictions.

What is the significance of the term premium in relation to the 10-year yield?

How do inflation expectations play a role in the discussion about interest rates?

What does the speaker suggest is necessary for the Federal Reserve to consider raising interest rates?