Core Viewpoint - The U.S. Treasury is expected to maintain steady coupon auction sizes for the next three months, emphasizing the importance of forward guidance [1] Group 1 - The U.S. Treasury's decision to hold coupon auction sizes steady indicates a stable approach to managing debt issuance [1] - The focus on forward guidance suggests that market participants will be closely monitoring future signals regarding monetary policy and economic conditions [1]

Joining us now is Paul McCully, former chief economist at PIMCO, currently an adjunct professor at Georgetown's Mcdana School of Business. Thank you both for being here for uh for commenting. Um I want to get your perspective, Paul, because Steve just outlined his survey where he said, I believe the numbers, and correct me if I'm wrong, Steve, 66% said the Fed should cut, but 92% believe they will cut.Y >> so that I mean that's a pretty big distinction. And how should we how should we kind of distill that. ...

October 13, 2025 08:30 PM GMT Global Macro Strategist We see short-term tensions leading into another limited agreement. From there, the countries may need to regularly negotiate and mark-to-market agreements as a long-term arrangement remains elusive. We also examine expected economic & market impacts as well as alternate outcome scenarios. Missing the Global Disinflation Forest for the US Inflation Tree UK Rates Strategy: Fade Rich Ultra-long Breakevens | 10-Oct-2025 We suggest fading ultra-long breakeven ...

Remind us on the perspective here. It is so dominant for the rest of the market. Yes, we might get a big swing in Nvidia up to 6% after hours, but it's important for the other names.Yes, completely. And I would even go beyond that and say it's not just a name. This isn't a stock that records.It dominates and records. It is the litmus test for that actually has the ability to hit sentiment more broadly. You know, it's such a large component of the S&P 500.We've obviously seen a little bit of caution. And act ...