The Great Rate Breakout and What it Means for Banks

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 10 November 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

10-year yields hitting their highest level since March today. We dive into the charts to see what it could mean for banks. Plus, is the great rotation out of growth and into value squarely underway? BTIG’s Julian Emanuel breaks down how to protect your gains.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Melissa Lee and this is Fast Money. Tonight's trader
0:04.3	lineup. Gai Domi, Tim Seymour, Pete Nigerian, and Steve Gasso. Tonight on Fast
0:08.0	we are trading the Tech wreck, the Nasak tumbling again today as a great
0:11.2	rotation takes hold just ahead.
0:13.2	You'll hear from one market pro who says the highs are in for the year.
0:16.3	Plus, we're all over the after-hours action and shares a lift, the stock of soaring on earnings.
0:20.5	The call is underway.
0:21.4	We will break down that quarter and later move over Mr. November, Tim Seymour
0:25.7	stepping up to the plate to pitch his next best idea.
0:28.1	Why he thinks this beaten down a behemoth is ready to take flight, but we start off with a fast
0:32.4	money breakdown at
0:33.4	today's market.
0:34.1	Dow rallying again at the S&B 500 barely budged.
0:37.0	The NASDAQ continuing to fall but the real stunner of the move
0:40.8	was in the bond market the 10-year treasury yield hitting its highest level since March. the show a couple weeks back so Chris where are we headed from here?
0:53.0	Hey now I think we're headed with yields going up still and I think what's important
0:57.7	about this move it's not a few days old it's a few months old bond yields
1:02.1	bottomed in late June, early July. The trend here is several
1:06.8	months old. I think any short-term pullback in bond yields into the 85 to 90 basis point
1:12.3	range, that would be an area to be a seller. into the 85 to 90 basis point range.
1:13.4	That would be an area to be a seller or bonds.
1:15.6	We think ultimately yields can go up from here.
	...

Transcript will be available on the free plan in -1599 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.