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Bond Yields in Distinct Uptrends, Says NewEdge's Dawson

"We have to appreciate that we could be in the midst of a now secular uptrend in bond yields," says Cameron Dawson, chief investment officer at NewEdge Wealth. She does see "tactical buying opportunities" in US Treasuries and says rising yields will continue to put downward pressure on equity valuations. Dawson speaks on "Bloomberg Surveillance."

Read more: Bond Yields in Distinct Uptrends, Says NewEdge's Dawson
Bloomberg
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US Economy Probably Needs Three Fed Rate Hikes, BNP's Mateos y Lago Says

Isabelle Mateos y Lago, chief economist at BNP Paribas, discusses the weight of Friday's US CPI report on the upcoming Federal Reserve interest-rate decision. She says her firm believes "monetary policy is not restrictive enough" and that the US economy "probably" needs three rate hikes, starting next week.

Read more: US Economy Probably Needs Three Fed Rate Hikes, BNP's Mateos y Lago Says
Bloomberg
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ECB's Nagel 'Concerned' About Rise of Far-Right Parties

Bundesbank President Joachim Nagel, speaking Thursday at the European Central Bank's monetary policy press conference in Berlin, said he's worried about the rise of far-right parties such as Alternative for Germany. "Some of these [far-right] concepts are self-defeating in an economic sense," Nagel explains. "Is this helpful to attract foreign investors to come to this country? Definitely not."

Read more: ECB's Nagel 'Concerned' About Rise of Far-Right Parties
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AI is Accelerating Drug Discovery: McKernan

SV Health Investors' Ruth McKernan says wearables and health data are helping move medicine from the general to the personal. She says AI is already speeding up parts of drug discovery and improving patient selection for clinical trials. But McKernan says some parts of development cannot be rushed, and the UK still needs more funding to help life-sciences companies scale. She spoke to Tom Mackenzie on the latest episode of Bloomberg Tech: Europe.

Read more: AI is Accelerating Drug Discovery: McKernan
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Scott Bessent 'May Have Overplayed His Hand'

Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Treasury Secretary Scott Bessent dismissed concerns about the US bond market after Thursday's smaller-than-expected debt buyback operation sent yields to multi-year highs. The Treasury market is in "very good shape," Bessent said in an interview with Steve Bannon. Speaking to Caroline Hepker and Francine Lacqua on Bloomberg Radio Julien Lafargue, Chief Market Strategist at Barclays Private Bank said that Bessent may have overplayed his hand.

Read more: Scott Bessent 'May Have Overplayed His Hand'
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Efron: Iran War Solved None of Israel's Problems

The UN's atomic watchdog IAEA says it has observed construction activity at Iran's Pickaxe Mountain. That's after President Trump drew attention to the suspected nuclear site in public comments at least twice in the last week. Shira Efron, Distinguished Chair for Israel Policy at RAND spoke to Bloomberg's Abeer Abu Omar about the activity in Iran and what this means for Israel especially as election looms in the country.

Read more: Efron: Iran War Solved None of Israel's Problems