Joshua Younger on the Treasury Market: Structure, Stressors, and Potential Reforms
Macro Musings with David Beckworth
00:00
Is the Market Thinking That?
Short term money view, liquidity preference fow long run. It is the fundamentals. And i'm glad to hear the market thinks that as well. The risk of rates being higher or lower really depends less on what we think trend growth is going to be and more how environment devolves over the near term. In a recessionary scenario, for example, you could expect tenure interestrates to be much slower. So there's more uncertainty,. But i like that reconciliation.
Transcript
Play full episode
