Hope Springs Eternal
RiskReversal Pod
00:00
The Volatility of the Bond Market
Despite the shiny object in the form of the S&P and the NASDAQ, all these things right below the surface continue to bubble up. $3.4 trillion of assets that Japanese have outside of their territory, mostly in United States bonds. There are implied dividend cuts that you can see in the options market in a name like Bank America. And for some reason, people are separating the banks from the economy at this point, which is fine.
Play episode from 31:21
Transcript
