TD Securities Says Watch the Fed Very Closely

The video discusses the current market conditions, focusing on the impact of treasury supply and the role of the Federal Reserve's policy on real yields. It highlights the ongoing risks such as the virus and the US election, and how these factors influence market dynamics. The discussion also covers the importance of treasury auctions and the potential for real yields to become more negative due to Fed actions.

What factors does the speaker believe are influencing real yields?

What does the speaker suggest about the Fed's policy and its effects on the market?