GM74: Navigating the Bond Market: What You Need to Know About Recent Trends ft. Stephen Miran
发布时间 2024-11-06 04:00:00 来源
摘要
Stephen Miran, Senior Strategist at Hudson Bay Capital and Fellow at the Manhattan Institute joins Alan Dunne in this episode to explore the bond market outlook and broader economic trends. They delve into an influential paper Steve co-authored with Nouriel Roubini on Activist Treasury Issuance, examining how Treasury actions may have countered some of the Fed's monetary tightening this year. Steve shares his insights on the economy's current state, his view that the Fed may have erred with its recent 50 basis point cut, and how the upcoming election could shape economic policy. While much focus has been on potential tariff impacts under a Trump administration, Steve highlights the possible benefits of supply-side measures. The conversation also covers the drivers behind the rise in bond yields since the Fed’s rate cut and the medium-term outlook for fiscal policy and bonds.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Follow Stephen on Twitter.Episode TimeStamps: 02:25 - Introduction to Steve Miran05:53 - Why did Miran write his paper on Activist Treasury Issuance?10:24 - How Quantitative Easing and Exchange Traded Instruments work15:26 - Treasury is not a market timer17:39 - Getting lost in the Fed jargon21:06 - What is driving the increasing yields?24:38 - The refunding - Miran's expectations27:26 - The state of the labour...
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