Bond Investor Ed Al-Hussainy on Bessent's Treasury Twist

Ed Al-Hussainy, Portfolio Manager at Columbia Threadneedle Investments, discusses the relative stability of the U.S. dollar against developed market currencies, while highlighting the strength of emerging market currencies fueled by carry trades supported by higher real yields in countries like Brazil, Mexico, Colombia, and South Africa. Despite strong U.S. economic fundamentals, including low unemployment and steady growth, the dollar has underperformed, partly due to the Federal Reserve's slower rate repricing compared to other central banks. He speaks with Romaine Bostick on "The Close."