the bonds are secured by a pledge tax increment available in the securities bonds and housing bond.ilarly, the annual debt service coverage is 125%. so there is a 25% coverage ratio on the specific bonds given that they are tied to potential growth in assessed value. on slide 10, cfd improvement area 2 is the five taxable parcels, c 1, c 2.2, c 2.4, c 2.3. >> the bonds are sized and structured based on the developed property, the top four parcels you see in the table. c 2.3 which is a vertical dda property means that it has been sold to a vertical developer but not yet received a building permit. so for purposes of trying to structure the bonds with the expectation and special taxes coming as a result of kind of projects that are continuing on construction, it was a recommendation to structure the bonds around just a developed property. so, that's how the $17 million not to exceed amount is structured. >> the table on slide 11 is a pursuant to city policy. so cfd bonds must achieve what we call a value to lien ratio of 3-1. this means that at no point shall the appraised value of th

subscribed with no orders of green bonds, of course, we're selling the bonds need to get all our bonds sold the underwriters work with the investors is to the other trengsz and the series of bonds to get all those sold. we don't see a pricing difference between those two. but we believe that we see a not only more buyers for our bonds but extension federal pricing and demand for sfpuc bonds. and in the end that's what we want to doe throughout including the presentations that the general manager and others executive leaders made to the rating agencies to get on high ratings and the disclosure we provide to the investors designed to try to attract as many investors as possible create as much demand as potential for our bonds. and, of course, doing this does involve more work and expense for us. and as you can see we have issued expensive green bond reports articulating how we're spending the preseeds and a lot of detail how those projects line with u n fractions. the and this is the expeditiously growth in the green bonds market. i'll caution in the united states you'll see on sequentia

positioning in the bond market going into this. citigroup, bonds are pulling it back. bonds are supposed to be the nightmare trade again. u.s. bonds delivered at 3% return but positioning is extreme. >> with some stomach turning volatility. >> and sometimes in a given day. >> 20 basis points wings and the single day for bonds. when it comes to the recession, the phrase that i found that i like is rolling recession. maybe it didn't happen on an economy-wide level but certain industries certainly felt the pinch. >> maybe that is why the goldilocks economy, i tweeted out a picture of goldilocks after those inflation numbers. >> the cartoon character? >> yes, thank you very much whatever. pockets of the economy start to slow down but other parts are strong that may be created for goldilocks economy that may be the fed were the does engineer this. >> gas prices are important, although mortgage rates are the next, that is the next issue. if the fed delivered the 160 basis, what happens next? next. what does it take to trigger 160 basis points of cuts? can you get 160 basis p

this time, these bonds are horizontal bonds. it will be and the repayment of the principal of the bonds, which is 4 years later, will be in a horizontal form , what is meant by the euro currency, mr. saeedi , yes, yes, these bonds are being offered for the first time. and the supply is in the form of euros, in fact the minimum investment in these bonds is one million euros, which are mainly legal entities of the exporters who have the so-called resources to meet the so-called export obligation, i.e. the surplus cottage of the so-called exporters are the transverse squares that the exporters have and he does not need to clear the obligation, in fact , it will be to the buyers of these bonds, of course, the buyers put their own request through the system of the exchange center , but in any case, the conditions of the width are different from the conditions of the rial in the field of issuing bonds. yes, there is a seven -day period. tomorrow is the last day now that i am talking to you, almost the resources needed for these bonds

bonds, no.il you get old print this is one of the points that i am at odds with most of the so-called seers out there. when you buy a lot of bonds you are betting against you if you think you're going to pass away when you are 72, then at 65, yes i bonds. i know that sounds pollyanna. the reason why i say it is because if you have to go into a long-term care facility and you own bonds for the previous 20 years you will not have enough money. >> 30 years long-term time. if you're fortunate enough that you don't have to live off the money you don't have to risk of selling it in a potential market downturn you can stay invested and over time you should do well. >> it really is a trick question because people do not like to talk about mortality. what does matter is if you had a long life and you cashed in your bonds you will be broke. as long as you take that horizon you can write things out. next we are going to larry also in florida who asked, can you touch on the suitability in general for long-t

>> look at the bond market.er they're easing, whether it is march or june it doesn't matter. logistically march is pretty tough. i have don't think you will have enough good data by then f you're getting really clever playing the curve there is probably some move you want to go with. market moves ahead of fed cuts. don't wait for the fed to cut. we're now in the easing cycle. look at the curves, the bond market. we're there. enjoy the pivot party right now. charles: people should be investing now? >> this is a great macro environment. remember the investment horizon. i wish all hosts like you would say investment horizon, i'm one or two months, i'm very bullish. six months from now i'm much more you're like mike kantrowitz. the party on right now and just be aware you will have to be nimble sometime next year. >> have a plan. we should have a plan for every possible outcome. i notice a lot of the street is talking about the upside risk to inflation, i think we also need to pay attention to this big downdraft we'

let's check the bond mooarket. two-year coming off the biggest single day drop since the svb in march. it fell 40 basis points. we have to look at the benchmark ten-year yield. a drop of 30 basis points. the long bond is lower. let's check the oil market. look here at the rally. wti is $7.75 a barrel. brent crude is up 2%. similar story for both of the benchmarks with oil. >>> that is the money set up. let's get back to the fed and its decision to hold rates steady for the third meeting in a row and the start of a pif on t the pivot. powell did not rule out any cuts. >> we are near the peak rate. >> this signals what jeff gundlach said yesterday on cnbc. >> it is dovish. the word of the day is any. the last word was careful. he said that multiple times last meeting. the market likes that. it respected the fact the curve is inverted and economy slowed down. that word "any" did not have to be invseinserted. the fed inserted that because i believe it believes it's done. >> a new note from goldman sachs this morning is

bond market.mentioned, there are so many stories happening. talking about rate cuts, how similar the slowdown will be in the u.s. and what is happening on the geopolitical stage. there is a lot in the mix. i love the fact that you have been using this term because it describes perfectly how investors have been rushing like mad in one direction and then the other. carol: is it going to be a race to the bottom when it comes to cutting rates or a little bit more tempered? sonja: i think they are currently massively overdone. we are all celebrating the fact that inflation has come down. i do not know how it is for you guys. but let's face it, inflation seems great but 3% means it is getting expensive. it is just not getting as expensive as before. the problem is it will be quite sticky. when you pick up inflation in early 2024, that should dampen expectation. they will not be able to cut rates until inflation has come down more significantly. i think it will be later than what the market is currently

big-name bonds of next.rg. ♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com jon: welcome to bloomberg markets. sonali: we will do a quick check before we get started. we are snapping a sea of red. s&p 500 up .7%. we are near session highs. 10-year roughly flat on the day, shaking off concerns about how the bond market reacts to any move by the bank of japan. we will talk about that. the u.s. dollar still weaker on the back of the same questions. crude, really stunning moves the last couple of days. now up above $69. now up about 20%. -- .2%. sonali: we are seeing -- jon: we are seeing the outperform for the technology sector today. both are ai related. you have got amd with plans to take on nvidia and a deeper fashion. investors like what they are seeing in terms of the game p

yeah, we've got a global bond market rally, german government bonds. are down seven basis points there in the uk. you're looking at government bonds at the short end down by six basis points. so again that global bond euphoria or that that fear of not being part of this bond market rally is really, really kicking in as europe comes back in and dovetail dovetails what we saw at the end of last week in the united states. important to remind everybody it's a global bond story and a quick check on the currency market, if we may. this on a day where jefferies is saying the yen rally looks fragile as a lot of money managers are piling in, having said that, let's take a look at the euro dollar cross. you can see just up a little bit. 110 is what we're looking at in terms of the trade. so a little bit of change there. all right. let's get to some of the headlines. we're watching for you under surveillance this morning. tensions in the red sea pressuring the oil market. with prices near one month highs. houthi rebels backed by iran claimed responsibility for a

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what we see in the high-yield bond market is the highest quality high-yield bond market we've ever seen 50% bb and looking at default rates is not a way to look at that going forward. sonali: how do you think about the dynamic into a potential recession? you expect a mild recession going into 2024. >> defaults are definitely increasing, downgrades are going to increase. i'm not sure we had a technical recession or not. we are of the view there will be more of a soft landing. what the fed is doing is working and it's slowing the economy. if there is a lot of dispersion in their approach, 90% of the jobs came from government, health care, education and travel and leisure. there is a lot of dispersion in the market. there is going to be increasing defaults but that doesn't mean this vintage deploying into private credit, deploying into new issue today means those will default. it's about this credit market, it's about being opportunistic and having breadth and credit selection. sonali: we talked to investors a lot is when they look at bars of the market that could soften, they're worried a

and gold exchange center murabaha bonds are one of the types of bonds that are offered in the form of rials to finance the industry sector in the capital market, but now these bonds are presented horizontally with a maturity of four years and liquidity. issuance of the country's first land murabaha bonds in the currency and gold exchange center, this is the first time that we in iran murabaha bonds are a financial instrument that is in riyal to help the progress of our big projects, but now for the first time, the goals of these murabaha bonds are presented in a cross-sectional form. the first transversal may fulfill that part the transversal of the country's priority and export-oriented projects has been a way of converting a part of the non -productive transversal resources into productive ones. now, in a situation where transversal financing of economic centers has become one of the ways in the economy, this tool is one of the ways to attract foreign capital. it creates that you can finance the equipment, machinery and services that you want to import from abroad, even people who h

look at the sale of bonds . .the way, these bonds that we predicted are precisely for the borrowing of the bonds of qibla years, that is , from these 254 efforts, the research center has reported that the government has not seen any income for itself for the next year, we only have the bonds that the gentlemen approved in previous years, and we this year we have to pay back we are borrowing them with new bonds . look at the taxes. what we have seen is absolutely the real tax revenues. let's look at the growth of tax revenues in the previous years . we started with 189 taxes in 2009. it has increased to 400 taxes and 401 taxes . prices go up and tax revenues are proportional to prices. well, this tax increase means an increase in taxes from the people's pockets, which means pressure on the people and pressure on the production sector from the parliamentary point of view. the government's response is no . look what we have done for salary earners . we set the tax exemption threshold at 12 million tomans per month. w

asian bonds were lacking in performance. look at the valuations, also the prospects of easing next year, as well as inflation surprises. what we came to in conclusion is that, if you look at where we are right now, latin american bones are doing better. a lot of it is due to the fact that previously, back in 2021 and 2022, these banks were more hawkish and raised their rates more proactively. yields are higher as a result. because of their previous hawkishness, inflation has also been very tame as a result. so we have this very nice set up where these bonds are more attractive. they just offer more to investors out there, and as a result, we think that these bonds will probably see outperformers in 2024. shery: you mentioned valuations earlier. why are we seeing asian bonds rather expensive compared to global em's, and what does that mean for the performance in 2024? marcus: basically we looked at a few metrics. we looked at cost across five years for nominal yields. real yields as well as over treasuries. what was clear was

we've been largely underweight bonds.n we look at five or 6% income on areas like nbs and investment grade corporate bonds and treasuries playing a bigger role in portfolios. when you look at equity markets, we're going into next year sitting at a 19x multiple with 12% earnings growth baked into that number. we think that is a bit optimistic. i think there are opportunities underneath the hood in equities and we like higher quality stocks and diversifying away from valuation risk by owning some mid-caps but i think the bar is really high on the equity side where in bonds, there is a significant mispriced opportunity for investors to grab a hold of but they don't want to wait too long. kriti: what is the hedge here? in the last two or three years, the inflation hedge was a basket of commodities and that did the trick. what turns that on its head? >> in a disinflationary environment, bonds will be your best bet. what we are watching now is that there is been a significant increase in cash. the money market assets now are si

. >> a rally in the bond market. >> we should be good for the bond market. >> we are entering next year with a growing sense of optimism. vonnie: john williams, the new york fed president did try to pour some cold water on the pivot, but markets are still pressing in next year. market pricing in 5.5 cuts. we will see if one comes to me to the other or what exactly happens. 137 basis points lower for the u.s.. for the ecb, 160 basis points with of cuts being priced in next year even though the ecb was much more underlining of the fact that they have not even started thinking about cutting next year. the bank of england will be joining the party, corn to traders. -- according to traders. you can see the moves of the pivot. coming down substantially since october 19. 100 basis points coming down. you can see this last couple of days we saw a 30 basis point lowering of the 10 year yield. -- call this a miniature melt up into a soft landing next year. all of this is reacting to fed chair powell's comments. >> the question of when will it be appropriate to begin dialing back the policy restra

be 20% upside for bonds.ust the math right now says bonds are a better bet than stocks for 2024. doesn't mean you have a negative return in stocks. i wouldn't recommend being all in bonds versus stocks. that is what we run a balanced portfolio both. i think potentially you get a return, if we avoid a recession and the fed cuts rates, that's a long shot that could be upside for stocks but bonds will do better in that environment. charles: lance, great stuff, my man. congratulations. you've been right, you've been spot on. now the data is catching up to you. we appreciate it. thanks. >> i keep trying. charles: all right. all right, folks coming up in "my takeaway" how about tiktokers running your business? this is what a major, major ceo is saying out there. meantime my next guest is maintaining bullish stance since he thinks this whole inflation thing is going to kind of fade away, have a benign interest rate environment. i want to bring in peapack private wealth managing principal david dietze. first of you l

grade bonds.king at the bloomberg aggregate it's about a quarter of the universe. >> how do you pair this idea you will get that return next year with the bond vigilante story and the unsustainable debt profile of the united states. tony: in 2025 the bond market will look closely at what is proposed. you can imagine the situation where a president decides to propose increasing indebtedness. you could expect that to push back in that case and there could be volatility. we suggest the bond investor should worry about that in 2025. the bond market is in control so the idea of being reincarnated of bill clinton's former campaign manager is a bond investor because you can scare everyone is something to be thinking about. the bond market will discipline. jonathan: the fact otani will get paid $2 million per season. until 10 years time. wall street journal has an amazing story on this. paying between 2034 and 2033. i will read this quote from the wall street journal story. during the last 10 years in the

and it is the biggest bond rally since the 1980's. we start with the performance of global bonds. we are going to talk about just how well things have been going on the back of expectations. if you look at the total return index, the bloomberg ag, global bonds have their best month since 2008 and that after the worst performance the last several months. you have seen them go downward between 1% and 2.5%. this bounce back has been significant. i want to show you what that means on the heels of rate hike expectations. the market has continually said cut and that has been more drastic as of late. expectations have been moving toward more of a rate cut. the white line is this idea they will cut at least one time by may, and a second in june. even with powell speaking today you see that trajectory continues. it is worth taking a listen to what fed chair powell had to say. chair powell: it would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance or speculate on one policy might ease. we are prepared to tighten policy further if it becomes ap

yes, i have a close bond to man of them? yes, i have a close bond to many of them- _ them?toj many of them. i have my favourite gorillas. some, i have known since i just started out as a first veterinarian for the uganda wildlife authority. 0ne veterinarian for the uganda wildlife authority. one of them, when he grew up, he used to frighten tourists to see their reaction, so very naughty silverback. so i have really got attached to many of them. they are so similar to attached to many of them. they are so similarto us, attached to many of them. they are so similar to us, they all have different personalities and extremely intelligent. it is lovely to talk to you. — extremely intelligent. it is lovely to talk to you, thank _ extremely intelligent. it is lovely to talk to you, thank you - extremely intelligent. it is lovely to talk to you, thank you so - extremely intelligent. it is lovely| to talk to you, thank you so much for coming on and so lovely to see that lovely forest behind you. thanks so much, dr gladys kalema—zikusoka. so thanks so much, dr gladys kalema-zikusoka.

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murabahah bonds are one of the types of bonds that are offered in the form of riyal to finance the industrytor in the capital market, but now these bonds are presented horizontally with a maturity of 4 years and liquidity. the issue is in the form of euro , so these euro-based bonds are issued. the entire amount will be collected in the form of euros, and accordingly , both the profits in the payment deadlines and the principal amount will be repaid in the form of euros. all expenses will be under full supervision. buying these bonds from the sources of clearing the export obligation is prohibited, so there is no impact on the market. domestic in terms of increasing demand will not create according to the head of the central bank , these bonds will move foreign exchange resources towards productive activities and foreign currency financing. these bonds are a very reliable tool so that even people who have so-called foreign currencies abroad can participate in the production projects of our country, the construction projects of our country and buy the bonds . available in the market, the pri

we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-376-4376. that's 1-800-376-4376. with cirkul, your water is deliciously flavored at the turn of a dial, with zero sugar and zero calories. and cirkul has over 40 flavors, so your water can be as unique as you are. try cirkul. your water, your way. now with even more flavors. available at walmart or drinkcirkul.com. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> now back to training har on pace for the sixth straight week my next guest

edward jones with gold bond... you can age on your own terms.ht means... the smoothing benefits of retinol. are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. >>> that ambition has to start somewhere. how about your global briefing? we begin with shares of chinese online gaming giants rebounding in the overnight trade after the country's top regulating sector says it will carefully study new roles. this comes one day after nearly a dozen other smaller gaming companies announced a new share of buybacks in an effort to reassure regulators. shares of softbank surging after it disclosed it will receive a new batch worth about $17.6 billion at no additional costs as past of a merger aingredient between swprint and t-mobile. and friendshiping giant says it's inabout creasing the number of ships through the suez canal. they step up their military campaign in the region including yesterday that saw a u.s. destroyer and f-18 fighter shoot down 17 drones and missiles a

look at bonds, all sorts of bonds and what we know yields fall leading into the first rate cut and rates fall off after that as well. if yields continue to fall, bonds can rally. and the other thing we talked about was unprofitable tech. when i say unprofitable tech, i don't just mean tech. it could be biotech. all sorts of young and profitable companies left behind in the rally. >> there is this idea, which by the way mega caps are mostly down today. nvidia is a modest winner. everything else, whether it's apple or microsoft, amazon are all down pick mega caps will be an atm and some of that cash will go into these areas you are talking about. whether cash itself or money markets is going to just come in by itself into those other areas. i'm wondering what you think about that. tony pasquarello, who is influential and runs the goldman hedge fund client strategy over there suggests that money doesn't necessarily have to come out of the mega caps to go into these other areas. it can come out of money markets as yields come down. >> great note from tony today and he think he is spot on. me

>> i mean, we think longs in the bond market or overweights in the bond market perform better over all into some weakness or mild recession, those bonds should do well. on the other side, if the fed does have to pick up hiking again, you can earn your way out. on the equity side, we like certain sectors that have been performing better in a rate stable environment like infrastructure. the small and mid-caps had been beaten up. they are performing better in the recent rally. they made up a small bit of the underperformance they have seen earlier in the year. >> mimi, what is your wex word of the day? >> i pick the word momentum because i feel like there is so much momentum right now. there's a lot of optimism. over the next week, we need to see if the employment picture holds up to the rest of this theory that is coming into balance. >> the other thing you are looking at isthe magnificent seven. huge rally this year. a lot of talk of valuation. a lot of investors will look to put money to work at the end of the year. give us a sense when you look at the magnificent seven, would you co

we'll send you our exclusive bond guide, free.s about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. charles: so my next guest puts out one of the most anticipated year ahead reports. he does this annually and he has got 10 predictions. i want to bring in crossmark global cio, bob doll. bob, so over the weekend you reviewed your 2023 predictions, and you found that five worked, five did not work. i want to start out with the predictions that didn't work that surprised you the most. >> the absence of recession. we were in the consensus calling for one. that is one of the amazing things in the economy for 2023. it just exceeded expectations that was not a good one for us. we also said stocks wo

by the way, these are the bonds that we predicted, namely for borrowing the bonds of the qibla years,t is, from these 254 efforts, the research center reported that the government did not see any income for itself for the next year. we only have papers from previous years. gentlemen approve and we have to pay again this year let's do it. we are borrowing them with new papers . regarding taxes, what we saw is completely real tax revenues. we can see the growth of tax revenues in previous years . 748 effort means. in all these years, taxes have grown by 50% , so the country's tax capacity is high, of course , because economic growth occurs, because prices rise , tax revenues grow in proportion to prices , so this increase in the balance of tax growth from the people's pockets means pressure on the people and pressure to produce part of the parliament's view and the government's answer: no , look what we have done for salary earners , we set the threshold for tax exemption, we had 12 million tomans per month, we said that we doubled the exemption threshold for jobs compared to this year

gold bond. municipal bonds don't usually get the media coverage the stock market does.eople don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >>> welcome back. i want to talk about a few more stocks in the news. jenny, you've got this one. it's kohl's. your stock. goldman reiterates a sell call on kss. >> i was surprised on that. on kohl's. >> that's sad. >> on k

charles: bonds? >> bonds. we like bonds here. we think now the time to get out of cash. the trade this year where people sleep is cash and t-bills. we urge people to change over this year. go to munis, go toe bonds. we think equities have a shorter runaway than they did this year but will be positive next year. charles: mike, i have got to hop but any thoughts on the market? >> i would echo that. i would be cautious looking at january, we have reverse of effect from 2022 where there was tremendous amount of buying into names that actually underperformed. now we're looking at individuals who may actually want to take profits -- charles: names like the mag 7, sitting on huge profits, waiting to january to cash out for tax reasons? >> that would be my gut. charles: you're already seeing people get in front of that. last week we're seeing some pretty interesting things there. great to see both of you. particularly have not sign you in a long time. >> great to be back. charles: remember president biden repeatedly vowing he would respect the fed's independence, not put pressur

we'll send you our exclusive bond guide, free.rtant part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-qua

where bonds don't need stocks. but stocks won't be participating the way bonds will. that's how i think about the pivot. but i also think it's going to be a year of great volatility in 2024. >> we'll look forward to spending it with you. i can say one of the true highlights of this year, jeffrey. i look forward to doing the same thing next year. >> i've enjoyed it. >> we'll see you. >> good luck, everybody. and good luck in the new year. >> that's jeffrey gundlach. let's bring in cnbc contributor, josh brown. >> i'm crying. i have tears in my eyes. >> what is your asment? what does this mean for stocks moving forward? >> some stocks are overvalued. but on the whole, the asset class, not overvalued. it's the only thing. jeff just spoke for 30 minutes. the only thing i disagree with him. you can buy stocks. you can buy large-cap basic materials, nine times earning. i feel like there's a lot you could be doing, away from the s&p50. most of which are tech consumer discretionary. there's a lot you can be doing where you are not over paying stocks. especially if you want to

apply for the release of these bonds , and if there are not enough buyers for the bonds , the marketer is required to buy these bonds in the first periodical writing. there must be a seller. it is possible to buy bonds in the scope of mazneh and in the volume you have committed to do this on a daily basis . sed and sima news agency's maryam fadaei said oil prices fell on friday on the eve of new year's holidays, but recorded their second consecutive weekly increase. the price of brent oil closed with 32 cents, equivalent to 4% decrease, to 79 dollars and 7 cents per barrel. the price us texas intermediate crude oil trades decreased by 33 cents, equivalent to half a percent, to 73 dollars 56 cents. both indices grew by about 3% in the whole week . the week before that, the price of oil from in the past week, the iran energy exchange sold more than 165 thousand tomans of various hydrocarbon products. the value of these transactions reached more than 439 billion tomans. during this period, more than 14,000 tons of products were sold in the international hall and 60,000 tons in the domesti

>> society bond market, definitely.m looking at tremendous amount of deficit spending. 7% this year forecasted increase going forward. spending buying goods and services printing treasury securities that. is mooney printing. that is really bullish for the stock market from my perspective. as long as the bond market stays under control i would expect the stock market to continue to do well. eventually the bond market will wake up and realize this issuance it won't stop and i think then we might have some more volatility. but at the moment it is not there yet. charles: i think you're right. we'll see. joe, appreciate your expertise, particularly on a day like today. thanks a lot, my man. >> thanks, charles. charles: folks coming up my takeaway on bringing back the grit of the '70s. you can remake a few movies but that grit i'm not sure. first we have the great dan niles, rebalancing his portfolio with the "magnificent seven." you want to find out what he is doing because no one is hotter than dan niles. he will share his

the bond is maturing next year.ces that since last week, regulators have been in active talks with bondholders trying to persuade them not to ask for early redemption. country garden saw sales falling 77% and probably doesn't have cash to meet those demands. rishaad: it's pretty good that they have managed to avoid default, but if they hadn't had these bondholders saying we will not demand repayment, we would've had one. >> that's it. this is a top-down process with regulators going to bondholders, holding exchange meetings with investors telling them not to proceed with that demand for early payment. you do you see a huge incentive from onshore market to avoid this default scenario which has happened to the dollar bondholders. there is a reenactment of the structural subordination of the offshore bonds. rishaad: some news coming out of wanda as well, i believe. >> the one the ipo for its commercial unit has not been proceeding as planned this year. as part of the agreement, the company would've paid 4.2 billion dol

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and the uses of the bonds. specify on what basis and where it will be spent. this is the fact that financing through power of attorney allows the parent company to finance its subsidiaries. a holding company has 10 subsidiary companies and in the first stage, it wants to provide financing for 5 of them. that holding company on behalf of this he should bring all the designs of these in those documents. expose and explain. each promissory note is guaranteed by banks, stocks, or companies admitted to the stock exchange or over-the-counter with a high credit rating. 23% interest is given to bond buyers. if there are not enough buyers for the bonds , the buyer is required to purchase these bonds in the first subscription period. the marketer also fights if there is a seller. it is that he buys bonds in the domain of mazena and in the volume he has committed to on a daily basis you can do this, according to the head of the debt securities issuance department of the stock exchange organization, by the end of the year,

we'd say overall higher quality bonds, high yield bonds are looking pretty good, don't expect the returns that we got that we're gonna get in 2023 to repeat in 2024. you're not likely to see on the level of long term interest rate drops that we've seen lately in 2024. >> michael, do you expect to see money coming from the money market funds into the treasury market or the corporate bond market, won't it past go and go into the stock market? >> reporter: good question. a lot of money sitting in cash. with interest rates as high as they are in money market, over 5%, why extend maturity and that was the right strategy until q4. there is a potential fear of missing out, you don't want to be sitting in cash one cash goes to five and a half to four next year potentially. and equities are up some five and 10% next year, when yields or down another 25 to 50 basis points, generating superior returns to cash. i think it's more likely to go into investment grade bonds in particular. it might jump all the way from cash to equity, equities the riskier and of the financial market spectrum. if there is

even the bond move has been dizzying for investors.re does it leave you positioned for next year? >> i agree with jim's view for 2020. but now i'm drawing an analogy to the '90s when i was not only alive but managing other people's money. and there's a lot of similarities. you don't really need to see rates go lower. we were at 5% to 8% on the ten-year during the entire decade. we don't need to see inflation go back to 2%. and i don't think it will. we were at 3%. there was an inverted yield kufb, a soft landing, a car, recession. everything that you needed. and one of the most important things was the vix stayed under 18 for most of the decade, while the stock market roared. so i think we're slowing. i don't know that we're going to get a recession, but i want to own those reliable growers going into a slowing economic environment. >> i was reading some trader commentary this morning. the tech traders had their head in their hands. maybe today is a different story, but we haven't seen the performance from the mag seven that we were ab

if there are not enough buyers for the bonds , the buyer is required to buy these bonds in the first periodization , and if there is a seller, the marketer is obligated to buy the bonds in the range and in the volume he has committed to. you can do this on a daily basis, according to the head of the department monitoring the issuance of debt securities of the stock exchange until the end of the first year. the power of attorney will be published with the persian gulf funding company. maryam fadaei, sed and sima news agency. the vice-chairman of the mining and mineral industries commission of iran chamber of commerce said: last year, about 385 billion tomans were collected and deposited into the treasury, and according to the law of the sixth plan, 100% of the income from government rights should be used for the development of mines. construction of the surrounding environments of mines should be allocated. but according to mr. garghi , about 1400 billion of the total has been returned to the mining sector. state mining rights or interest according to the law, the operator must pay a

we'll send you our exclusive bond guide, free.s about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >>> we'reback with mike santoli, joins us now. you tell us what you're thinking about. >> normally this is the time in the fed cycle, the market usually pulls itself in a neutral spot going into the meeting. it doesn't want to necessarily be leaning one way. hard to make the case. it's grinding higher, at a 20-month high. s&p futures at 4700 and the ten year back on its lows again. clearly the buildup of data going into this meeting and this decision has been so strong that it's led to a level of confidence that we're going to get what we want. there could be a seller response. mainly because

with 3 - 7 year maturities, you can do that really easy with bnd vanguard total bond market etf. >> whole generation that wants to buy houses and am looking for a refi, higher for longer but they're coming down, what is my outlook for mortgage. >> good news bad news, free to be higher whether buying a place were refinancing your mortgage rate is going to be higher. i think we will see some of the gridlock that is happening in housing right now, there are positive signs, right now the mortgage rate is down to 7% that is the first time it's been that low i know it sounds high but that's the first time it's been not low since summer and were also seen week after week more people are applying for mortgages, i think these are signs that the housing market will come back as people accept the fact that rates are going to be little bit higher but people have to buy and sell houses. >> and probably never going to retire, my parents are retired what does this mean for them. >> everything that we talked about what investors should do applies to retirees, some of the advice that we heard for re