Mizuho's Chatwell Sees U.S. 10-Year Yields Heading to 3% Over Medium Term

The video discusses recent trends in the bond market, highlighting a 14 basis point movement and a decrease in volatility. It explores the potential impact of a positive catalyst on the 10-year note and the likelihood of US rates heading towards 3%. The discussion also covers expectations from the Fed meeting, potential curve steepening, and the influence of Jerome Powell's dovish tone. The video concludes with caution about the Fed's ability to maintain its current stance amid weak data due to a government shutdown.

What recent change occurred in the bandwidth of the bond market?

What factors could potentially worsen the volatility in the bond market?

What is the expected outcome for the US rates market over the medium term?

How might the Fed's communication affect the market's expectations?

What concerns are raised about the Fed's ability to maintain its current stance?