Gargi Chaudhuri, chief investment and portfolio strategist, Americas at BlackRock, joins Emily Graffeo on "Real Yield." The US government sold 30-year bonds at the highest interest rate in a quarter of a century, reflecting a relentless selloff that's stirred speculation the nation will tilt borrowing further toward short-dated maturities.
Lipi Sternheim, REalloys CEO, said that his company is working closely with the US Army to get a critical mining operation underway on US military base and that the US government's interest in expanding critical minerals mining in the US has not slowed. Sternheim said that expanding US capacity to the level of its competitors like China remains years away.
Jerry Cudzil generalist portfolio manager, fixed income at TCW, joins Emily Graffeo on "Real Yield." As a flood of debt sales by US tech companies ripples through the credit market, it seems to be triggering an inadvertent rise in risk metrics for some of the world's safest firms.
Bloomberg's Miranda Davis joins Emily Graffeo on "Real Yield." Chicago Mayor Brandon Johnson is pushing for a temporary moratorium on data centers, and signed an executive order on Tuesday to create new rules for any future developments.
Patrick McHenry, former Republican congressman from North Carolina and former House Financial Services Committee chairman, said that Thursday's bond sale is a 'wake up sign' for the country on government debt and deficit, as the US government sold 30-year bonds at the highest rate since 2001. McHenry said that it is time for the government to take action on overspending, but that change has to begin with the American people raising the issue.
Bloomberg's James Crombie joins Emily Graffeo on "Real Yield." Bond traders dialed back measures of credit risk associated with Nvidia after the company said it would limit its exposure in a $500 billion plan to finance the type of AI investments that are driving demand for its computer chips.
Bloomberg's Laura Nahmias joins Emily Graffeo on "Real Yield." The rollout of New York City Mayor Zohran Mamdani's new pied-à-terre tax was temporarily blocked by a state court judge on Staten Island.
Tony Rodriguez, head of fixed income strategy at Nuveen Asset Management, and Jerry Cudzil generalist portfolio manager, fixed income at TCW, join Emily Graffeo on "Real Yield." August is often one of the slowest months of the year, averaging $95 billion of investment-grade bond sales since 2019. This August though has already seen $130 billion in sales.
Bloomberg's Anya Andrianova joins Emily Graffeo on "Real Yield." The yen remains within striking distance of a crucial level against the dollar, even after Prime Minister Sanae Takaichi's government was said to support an interest-rate hike.
Rebecca Babin, CIBC Private Wealth senior energy trader, said that she doesn't expect gas prices to drop much lower before election day and that the price at the pump will likely be lower than the White House would like it to be for November's midterms. Babin said that while oil prices have climbed as tensions have build back up in the Strait of Hormuz, it is China's position in the oil market that is keeping prices from growing to $100 a barrel.
