Pimco's Clarida: Fed's Wallowing in Uncertainty

The transcript discusses the current state of treasury yields, the Federal Reserve's stance, and the impact of global monetary policies. It highlights the Fed's communication challenges and the divergence in global monetary policies, particularly with the Bank of England and Bank of Japan. The discussion also covers the dynamics of treasury auctions, the influence of negative yield policies in Europe and Japan, and the potential impact on US yields and the dollar. Finally, it touches on future yield predictions and their implications for the market.

What was one of the reasons for the repricing of treasury yields?

• Strong payroll numbers

• Increase in oil prices

• Weak housing market data

• Decrease in gold prices

How do divergent monetary policies of other central banks affect the US?

• They strengthen the US dollar

• They increase US inflation

• They lower US interest rates

• They decrease US exports

What is a potential outcome of a bond buyer strike?

• Increase in housing market activity

• Decrease in stock prices

• Increase in treasury yields

• Decrease in gold prices

What has been a key factor in holding down US yields?

• Strong US dollar

• Negative yield policies in Europe and Japan

• Weak US economic data

• High oil prices

What concern does the Fed have regarding the US dollar with a potential rate hike?

• Volatility in the dollar

• Stability of the dollar

• Weakening of the dollar

• Excessive strengthening of the dollar