Pimco's Clarida: Fed's Wallowing in Uncertainty

The transcript discusses the current state of treasury yields, the Federal Reserve's stance, and the impact of global monetary policies. It highlights the Fed's communication challenges and the divergence in global monetary policies, particularly with the Bank of England and Bank of Japan. The discussion also covers the dynamics of treasury auctions, the influence of negative yield policies in Europe and Japan, and the potential impact on US yields and the dollar. Finally, it touches on future yield predictions and their implications for the market.

What factors are influencing the current treasury yields according to the discussion?

What was Janet Yellen's stance on potential rate hikes as mentioned in the text?

How does the divergence in monetary policy between the US and other countries affect the dollar?

Discuss the impact of negative yield policies in Europe and Japan on US treasury yields.

What implications does the current economic data have on the Fed's decision-making process?