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Podcast: Lykken on Lending
Episode: The Great "Hello Walls" of China - TMSpotlight by Les Parker
Description: 10-28-2024 The Great "Hello Walls" of China---------------------Hello, Walls. (hello) How'd rates go for Bears today?The Bond bears continued to ride the speculation that China will meet stimulus expectations. What happens when it misses?When China's package falls woefully short, expect a significant short cover rally in US Treasuries, with mortgage rates reaching 6% by year's end. The inflation outlook will improve if the US elects pro-growth and supply-side policies. However, the driver to reverse the recent rate rise comes from China's woes.<...