Major: Difficult to Imagine U.S. Rates Going up in 2016

The video discusses the consensus on US tenure rates, highlighting a shift from previous expectations. It contrasts structural and cyclical economic views, emphasizing global interlinkages and debt overhang. Investment opportunities in a low-rate environment are explored, focusing on credit and equities. The link between Treasurys, wage growth, and inflation is examined, questioning the sustainability of current trends. Finally, the video addresses shifts in central bank policies, noting iterative changes and the role of low and negative rates in the deleveraging process.

What factors are influencing the current consensus on US Treasury yields?

How do global interlinkages affect domestic economic indicators like wages?

In what ways might the outlook for interest rates impact investment strategies?

What is the significance of the shift in central bank policies over the decades?

What are the implications of low and negative real rates in the context of economic recovery?