With hospitals running out of capacity due to the community spread of COVID-19 in certain U.S. cities and states, risk of re-opening delays and/or temporary local lockdowns persist. A new academic school year may only complicate matters – for both families and the broader economy. Still, economic growth could outpace consensus expectations and the FOMC's June projections in 2020 and beyond.

In this episode MUFG Rates Strategist, John Herrmann, with a little more data at his fingertips, re-examines his "Year 2020 Strategy Update," including his view on growth and employment. He also tells listeners what this all means for his core strategic investment stance of a 2s-30s yield curve steepener.

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Download: How long might it take to get a "4 handle" on the unemployment rate? Perhaps not as long as you think! The MUFG Global Markets Podcast (MP3)