O’Donnell: 3% Target on 10-Year Yield May Be Conservative

The transcript discusses the anticipated changes in the bond market due to the new administration's policies, including fiscal support, tax cuts, and deregulation. It highlights the uncertainty these changes bring and how the bond market is reacting, with expectations of higher rates and steeper yield curves. The Federal Reserve's cautious approach in response to these uncertainties is also examined, with a focus on economic conditions and potential rate hikes.

What factors contributed to the expectation of higher rates and steeper yield curves mentioned in the text?

How does the new administration's approach to fiscal policy impact the bond market according to the speaker?

What uncertainties does the speaker mention regarding the bond market's response to potential stimulus?

What is the speaker's overall thesis regarding the relationship between the administration and economic growth?

In what way does the speaker suggest the Federal Reserve will respond to economic conditions under the new administration?