PGIM's Peters Sees No Recession Reward in Yield Curve

The video discusses the potential impact of PGM persistency and yield changes, highlighting concerns about market mispricing and recession risks. It explains the role of credit default swaps in assessing market risk, particularly in the context of US sovereign credit risk. The discussion also covers the implications of debt ceiling debates on market risk and the importance of protection strategies.

What are the implications of reaching a 6% yield according to the speaker?

How does the speaker perceive the current yield levels in relation to the banking crisis?

What does the speaker mean by saying the curve is mispriced?

What concerns does the speaker express regarding credit default swaps?

In what way does the speaker suggest that the political debate around spending affects the market?