UBS Wealth Management SVP Brenda O’Connor Juanas and the Lonski Group founder John Lonski discuss the earnings season and share their market outlook for 2024 on Mornings with Maria.
Bond investors are on edge about federal budget deficits that are expected to persist into the foreseeable future regardless of the outcome of this year’s presidential election.
Although President Joe Biden and his main challenger, former President Donald Trump, have each touted deficit reduction efforts in their respective administrations, budget forecasts from the nonpartisan Congressional Budget Office (CBO) project the deficit rising from about $1.6 trillion in 2024 to $2.6 trillion a decade from now.
With analysts and investors expecting deficits to remain at historically elevated levels and likely to grow in the years ahead, some have moved to protect their portfolios from a surge in bond yields, while others have raised concerns about the…
