UBS' Baweja Sees Space for U.S. Yields to Decline

The video discusses market expectations regarding the Fed's decisions, focusing on inflation, economic indicators, and real yields. It examines the potential impact of Trump policies on the Fed and markets, highlighting the differences in economic conditions between the US and Europe.

In what ways does the text suggest that the market may be underpricing risks related to March?

What are the implications of Donald Trump's policies on Fed policy and market expectations as discussed in the text?