Bonds Repricing to More Realistic Expectations: Morgan Stanley’s Kushma

The video discusses recent trends in the bond market, highlighting a correction from previous levels due to optimism about the global economic outlook. It covers the tightening of credit spreads and the rise in treasury yields. The discussion includes market positioning strategies, particularly by JP Morgan, and the low volatility in FX and bond markets. The video concludes with an analysis of treasury yields and the potential impact of the coronavirus on future economic dynamics.

What is the speaker's perspective on the current levels of volatility in the markets?

What factors could lead to a more negative dynamic in the bond market according to the text?