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The Inflation Index Bond Crisis
Alex Castellanos: March 9th was a day that was to be remembered. It was I think the S&P was down over 7%. What was going down in the Fed funds futures market and also on the long term bond deals because they're called inflation index bonds. He says soon we're going to start to come to a point where bonds, not even inflation index or municipal or anything like that but 20 year treasury bonds 30 year treasury bonds,. supposed to be extremely risk off when the stock market goes down yield should go down the bond prices should go up. That seems to happen so just take us through, you know, starting on March 9th.