U.S. 10-Year Could Sink 'Like a Block of Cement': JPM's Michele

The transcript discusses the global economic recovery, focusing on the strength of the US dollar and the role of high yield government bonds. It highlights the attractiveness of the US market due to potential capital appreciation and lower yields. The discussion also covers changes in market dynamics, including the impact of US midterm elections and the Federal Reserve's policy decisions, which have led to expectations of lower yields and a stronger dollar.

Discuss the implications of the midterm elections on fiscal policy and market expectations.

What is the expected impact of the Fed's actions on yields and the dollar?