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John Matthews, UBS head of private wealth management for the Americas, predicts a strong year for the art market. In a discussion with CNBC’s Robert Frank, he highlights where affluent individuals are investing their cash and shares insights on market trends.
20:31 05.12.2024
Buying bonds as the Federal Reserve cut rates has proven to be a miscalculation, with yields remaining unexpectedly high due to persistent federal deficit concerns and potential inflation from Trump's policies. Anne Walsh of Guggenheim Partners anticipates continued volatility in the bond market, projecting the 10-year Treasury yield to fluctuate between 3.5% and 4.5% for the foreseeable future. The cost of extending and enacting new tax cuts could reach $10 trillion, raising questions about the sustainability of such fiscal policies.
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