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Stocks Muted as Treasuries Pressure Ease; Harvard’s Foreign Student Ban | Bloomberg Brief 05/23/2025

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Some Bonds Are Getting ‘Twitchy,’ Major Says

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Steven Major, global macro advisor at Tradition Dubai, says some bonds may be getting “twitchy” further out on the curve. He says the US Treasury is not doing any favors for the taxpayer “by issuing long bonds north
north of 5% yield.” He speaks on “ Surveillance.”
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‘Jerry Maguire’ Inspiration on Lakers, Sports Valuations

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Leigh Steinberg, legendary sports agent and founder of the Leigh Steinberg Foundation, spoke about the unprecedented valuations in the sports industry, highlighting the ongoing Los Angeles Lakers sale currently valued at $12.5 billion. He emphasized the dramatic increase in franchise values over the decades, noting that when he started in 1976, NFL expansion teams were purchased for $16.5 million, compared to recent sales reaching into the billions. He speaks with Romaine Bostick on “The Close.”
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How Trump’s Tariffs Sent Soup Prices Soaring

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President Trump’s political and economic promise to bring factory jobs back to the US remains unfilled after eight years of steel tariffs.
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Breaking Down the Global Bond Selloff

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The global bond selloff continues with long-dated bond yields pushing further into multidecade highs. Ira Jersey of Bloomberg Intelligence has more on what could be causing all this on “Bloomberg Surveillance.”
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Tom Keene on the Distance from Half Empty to Half Full

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Tom Keene’s early days were split between “glass half-empty” and “glass half-full” thinking. He discusses how his parents and mentors — from Sir John Templeton to Bloomberg Money guest David Kelly shaped his investing worldview bloom.bg/4bfsIHs

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