5min chapter

Forward Guidance cover image

Joseph Wang & Alex Etra: Trillion-Dollar Liquidity Drain Imminent

Forward Guidance

CHAPTER

The Impact of the Federal Reserve's Rate Hikes on Bonds in 2022

The Federal Reserve's rate hikes in 2022, you know, going from 0% to 5%, quite, quite extreme, quite fast. How did that impact and why did that impact the foreign bid for Treasuries? And you mentioned that the Japanese pension managers,. so Japanese pension managers, insurance funds, their clients, they have needs that are nominated yet, not dollar. Why is it that the Fed's rapid rate hikes increased those hedging costs and made that unattractive? Can you give us a little more color on that, please?

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode