‘Bloomberg Markets: The Close’ Full Show (06/11/2020)

‘Bloomberg Markets: The Close’ Full Show (06/11/2020)

>> LIVE FROM BLOOMBERG. >> IT IS SCREECHING TO A HALT. ALLEGED ABUSE OF MERCHANT SALES. >> FULL FACING CREDIT REALLY. COME TAKE A LOOK AT THE 10 YEAR. POINTS MARKET MOMENTUM MEANS. REMEMBER, EQUITIES HAD GAINED. POLICY, WHETHER CONTINUES TO BE. OTHER FISCAL STIMULUS AND PLAY.. THOSE ARE ALL THINGS THAT WILL. ULTIMATELY GET US THROUGH AND. THEN DRIVE THE MARKETS HIGHER. FROM .. >> WE HAVE SEEN ASSETS PLAYOFF. WHERE THE FEDERAL RESERVE IS. BUYING CORPORATE BONDS, AND IN. PARTICULAR, THAT HELPED DRIVE. HIGH YIELDS.. YOU HAVE BEEN GAIN EXPOSURE TO. HIGH YIELDS.. IS THIS THE TIME TO BE STICKING. TO the GIVEN TODAY'S. VOLATILITY ?. >> WE ARE.. IF ANYTHING, WE CONTINUE TO. UPGRADE OUR POSITIONING.. PART OF IT IS JUST THIS YIELD. SEEKING AND WE EXPECT THAT AS. INVESTORS COME TO TERMS WITH. TREASURIES THAT ARE BELOW 1%. INVESTMENT. GRADE ALSO CONTINUES TO RALLY.. WE THINK THERE IS SOME VALUE IN. HIGH-YIELD.. THE RECOVERY. STORY STARTS TO BECOME INTACT. AND THE DEFAULT RATES ARE. UNLIKELY TO BECOME HIGHER FROM. .. IT MEANS THE HIGH YIELDS AS AN. -- HIGH YIELDS EARLIER ARE. PRETTY ATTRACTIVE.. >> WE HEARD ABOUT THE. IMPORTANCE OF NOT SHUTTING DOWN. THE ECONOMY,