Fed Silence & Tightening Spread Environment | Real Yield 8/6/2026

"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: JPMorgan Asset Management Head of Market Strategy, Alternative Fixed Income Oksana Aronov and BNP Paribas Global Head, Desk Analysy Viktor Hjort. Chapters: 00:00:00 - Real Yield opens 00:06:07 - Oksana Aronov: What's Driving the Rise in the 30-Year Term Premium? 00:07:46 - Oksana Aronov: How Much Is Oil Driving the Bond Market? 00:10:29 - Oksana Aronov on Whether Treasury Bill Issuance Increase Bond Volatility 00:12:20 - US Joins Japan In Yen Intervention, First Time in 15 years 00:16:13 - Oksana Aronov: Is the U.S.-Japan Currency Intervention Costly? 00:17:58 - Blackstone Pitched Package Anthropic Chip Deal 00:23:12 - Credit Roundtable with Oksana Aronov & Viktor Hjort: Alphabet's $25B Bond Sale 00:26:15 - Viktor Hjort: Is Alphabet Different From Meta? 00:27:33 - Viktor Hjort: Who Gets Crowded Out by AI Borrowing? 00:29:20 - Oksana Aronov: Were July Investment-Grade Returns a Turning Point? 00:30:58 - Viktor Hjort: Why Overweight Banks Instead of AI Credit? 00:32:10 - Oksana Aronov: Where to Find Value Outside AI Credit? 00:34:42 - Muni Moment: Healthcare Credit Risks 00:36:22 - University of California Admissions & Standardized Testing Debate 00:39:58 - Final Thought -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts