TD's Misra Says 'A Lot Has to Change' to Reach 5% Yield

The video discusses the muted actions in the financial market and a significant call from JP Morgan's CEO regarding the potential for US 10-year interest rates to reach 5%. It explores the Federal Reserve's current stance on the neutral interest rate, which is below 3%, and the challenges in increasing labor force participation and productivity. The discussion also covers global interest rate dynamics, including the influence of German bonds and Japanese government bonds on US Treasuries.

How does the speaker view the relationship between global rates and US Treasuries?

What challenges does the speaker identify regarding the long end of the interest rate curve?