Bond Market Swings Affect Your Savings, Investments

Summary

Bloomberg's Nikki Waller and David Gura join Scarlet Fu and Tom Keene to discuss the Treasury market's new prominence and what it means for investors. They focus on the 30-year bond yield sitting at 2007 levels, arguing that the alarm may be overdone but that a longer period of bond-market uncertainty is likely. The panel also ties the moves to fiscal debt concerns and the market pushing back against attempts to lower mortgage borrowing costs.

• The 30-year Treasury yield has entered mainstream media coverage after this week's Treasury buyback surprise.
• Nikki Waller says bonds are no longer drama-free and borrowing costs are rising for those who need money.
• David Gura notes the 30-year yield has already been at 2007 levels for weeks, so alarm may be overstated.
• Even if yields dip next week, the panel sees a longer period of uncertainty.
• Fiscal debt and the lack of a coherent policy plan are cited as background risks.
• The market is pushing back on Trump administration efforts to reduce mortgage borrowing costs.