jonathan: still with us are peter tchir, iain stealey, noelle corum. we are betting on stimulus, and we are also betting that it will not be enough and will not work, because yields encore government bonds keep heading in the same direction. noelle: still a lot of uncertainty around the details and how they will take these bonds down, what they will dip into. that is one piece of it. on the other side, we have not seen stability that we need in growth yet either. the domestic side has held in quite a bit. of course, trade, trade uncertainty will still weigh on the european economy. until year-end, that is a big part of it. jonathan: the data in europe has been soft for at least 12 months, maybe more so. what has been striking about this week? the bund market always makes the headlines, but the big moves are coming from the italian market. it is not just the core rallying now, it is the whole complex, isn't it? which area of european fixed income are you participating in that rally right now? which area of european fixed income do you want to be present

jonathan: still with us are peter tchir, iain stealey, oelle corum. we are betting on stimulus, and we are also betting that it will not be enough and will not work, because yields encore government bonds keep heading in the same direction. noelle: still a lot of uncertainty around the details and how they will take these bonds down, what they will dip into. that is one piece of it. on the other side, we have not seen stability that we need in growth yet either. the domestic side has held in quite a bit. of course, trade, trade uncertainty will still weigh on the european economy. until year-end, that is a big part of it. jonathan: the data in europe has been soft for at least 12 months, maybe more so. what has been striking about this week? the bund market always makes the headlines, but the big moves are coming from the italian market. it is not just the core rallying now, it is the whole complex, isn't it? which area of european fixed income are you participating in that rally right now? which area of european fixed income do you want to be present

jonathan: still with us are peter tchir, iain stealey, noelle corum. we are betting on stimulus, and we are also betting that it will not work. yields on core government bonds keep heading in the same direction. noelle: still a lot of uncertainty around the details and how they will take these bonds down, what they will dip into. that is one piece of it. on the other side, we have not seen stability that we need in growth yet either. the domestic side has held in quite a bit. of course, trade, trade uncertainty will still weigh on the european economy. that is a big part of it. jonathan: the data in europe has been soft for at least 12 months, maybe more so. what has been striking about this week, the bund market always makes the headlines, but the big moves are coming from the italian market. it's not just the core rallying, it is the whole complex. which area of european fixed income are you participating in that rally right now? which area of european fixed income do you want to be present? iain: we have been big buyers of peripheral bonds outside o

jonathan: still with us are peter tchir, iain stealey, noelle corum. we are betting on stimulus, and we are also betting that it will not be enough and will not work, because yields encore government bonds keep heading in the same direction. noelle: still a lot of uncertainty around the details and how they will take these bonds down, what they will dip into. that is one piece of it. on the other side, we have not seen stability that we need in growth yet either. the domestic side has held in quite a bit. of course, trade, trade uncertainty will still weigh on the european economy. until year-end that is a big , part of it. jonathan: the data in europe has been soft for at least 12 months, maybe more so. what has been striking about this week? the bund market always makes the headlines, but the big moves are coming from the italian market. it is not just the core rallying now, it is the whole complex, isn't it? which area of european fixed income are you participating in that rally right now? which area of european fixed income do you want to be presen

jonathan: still with us are peter tchir, iain stealey, noelle corum. we are betting on stimulus, and i guess we are also betting that it will not be enough and will not work, because yields encore re government bonds keep heading in the same direction. noelle: still a lot of uncertainty around the details and how they will take these bonds down, what they will dip into. that is one piece of it. on the other side, we have not seen stability that we need in growth yet either. the domestic side has held in quite a bit. but of course, trade, trade uncertainty will still weigh on the european economy. until year-end, that is a big part of it. jonathan: the data in europe has been soft for at least 12 months, maybe more so. what has been striking about this week? the bund market always makes the headlines, but the big moves are coming from the italian market. it is not just the core rallying now, it is the whole complex, isn't it? which area of european fixed income are you participating in that rally right now? and which area of european fixed income do you

arethan: still with us peter tchir, iain stealey, noelle corum. we are betting on stimulus, and we are also betting that it will not work. yields on bonds keep heading in the same direction. noelle: still a lot of uncertainty around the details of how they will take these bonds down, what they will dip into. that is one piece of it. on the other side, we have not seen stability that we need in growth yet either. the domestic side has held in quite a bit. of course, trade, trade uncertainty will still weigh on the european economy. that is a big part of it. jonathan: the data in europe has been solved for at least 12 months, maybe more so. bund market always makes the headlines, but the big moves are coming from the italian market. which area of european fixed income are you participating in that rally right now? which area of european fixed income do you want to be present? iain: we would be big buyers of peripheral bonds outside of italy. we think the economic data in portugal, spain has not been too bad. the overwhelming lure of yields in those