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Listen "UBS On-Air: Paul Donovan Daily Audio 'Fiscal boosts and bonds'"
Episode Synopsis
US President Trump has suggested that most US households could receive a USD2,000 cheque from the government. Such a move would require legislation. The bond market seems sceptical about Congressional action and is not currently pricing the probable deficit consequences. Bonds are instead focusing on dubious quality labor market signals, as a guide to Federal Reserve rate cuts.
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