US Yields 'Significantly Lower' in a Year: HSBC's Major

The video discusses the current state of the market, focusing on treasury yields and interest rates. Despite significant economic events and policy changes, 10-year yields have remained stable. The discussion highlights various factors influencing yields, including budget deficits, rating downgrades, and international economic policies. The speaker predicts a future decrease in yields, emphasizing the tension between central bank guidance and market expectations. The proximity to a potential recession and the peak of the policy rate cycle are also considered.

What factors have contributed to the current state of 10-year yields according to the text?

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How does the speaker view the potential for yields to break through the November highs?

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What is the speaker's perspective on the future trajectory of yields over the next year?

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What role do central banks play in influencing market expectations according to the text?

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What does the speaker suggest about the relationship between the policy rate and recession risks?

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