Geopolitical Cousins

Scotty Doesn't Know

66 snips
Aug 22, 2026
They unpack a surprise Treasury buyback and why 30‑year yields just spiked. Conversation jumps to data center debt, hyperscaler capex, and whether AI buildouts are overbuilding. Geopolitical vibes from the Iran war, a Trump tweet about South Korea, and multipolar reserve risks get tied to bond markets. And yes, the Lakers sale and private equity in sports make a cameo.
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INSIGHT

Why 10-Year And 30-Year Yields Drive The Economy

  • Long-term Treasury yields matter because they set borrowing costs for mortgages, corporates, and the government.
  • Marko Papic notes the 10-year and 30-year moves directly raise mortgage rates above 7% and therefore affect the real economy.
INSIGHT

Hyperscaler Debt Is Pushing Yields Higher

  • Hyperscalers issuing debt for data center buildouts increases competition for long-dated capital and pushes yields up.
  • Marko describes Google, Amazon and Apple borrowing hundreds of billions, crowding out Treasury demand.
INSIGHT

Bond Market Reacts To Vibes Not Just Math

  • Bond selloffs in 2024–25 were driven more by political "vibes" and policy uncertainty than purely fiscal mechanics.
  • Jacob Shapiro labels three selloffs driven by populist fears and political appointments rather than math.
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