Bloomberg Daybreak Europe: US Treasury Yield Curve Disinverts

Sept. 5, 2024, 5:44 AM UTC
Source: Bloomberg, 16:24

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On today’s podcast:

(1) A key segment of the US Treasury yield curve briefly turned positive as weaker-than-anticipated labor-market data bolstered bets on steep interest-rate cuts by the Federal Reserve.

(2) Vice President Kamala Harris called for a 28% capital gains tax rate on people earning $1 million or more, touting it as a measure that would ensure the wealthy paid their fair share as she sought to detail her economic agenda and draw a contrast with Republican rival Donald Trump.

(3) Oil steadied near the lowest ...

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