Macro Hive Conversations With Bilal Hafeez

Mustafa Chowdhury on Mortgage Risks, Fed Shocks and Derivatives

Mar 3, 2023
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Episode notes
1
Introduction
00:00 • 2min
2
The Origin Story of Your Career
01:34 • 5min
3
How Do You Hed a Mortgage Portfolio?
06:18 • 5min
4
What Is Swabtion?
11:30 • 3min
5
Swakshins Market - The Biggest Test
14:14 • 3min
6
What Was the Big Learning?
17:41 • 2min
7
How to Short a Housing Market in the US
19:34 • 5min
8
Is There a Housing Crisis in the US Mortgage Market?
24:26 • 2min
9
Is the Federal Reserve Providing the Liquidity to the Mortgage Market?
26:53 • 3min
10
Is the Fed Holding the Duration Risk?
29:26 • 3min
11
Quantitative Tightening
32:44 • 2min
12
How Would You Position in the Fed Cycle?
35:08 • 5min
13
Is the Fed Going to Keep Hiking?
40:28 • 3min
14
What's the Hidden Leverage Today?
42:59 • 2min
15
The Mortgage Market Is Nationalized Right Now
44:47 • 2min
16
Is the Fed Hiking?
46:17 • 4min
17
Is There an Equivalent of Central Bank Buying in the 2000s That Leads to a Flatter Curve?
50:03 • 2min
18
The Fed's Buying Another 500 Billion, 10-Year Treasury Equivalent
52:02 • 3min
19
The Bank of Japan's Chances of Lifting Yield Curve Control?
54:37 • 2min
20
What's the Best Investment Advice That You've Ever Received From Anyone?
56:51 • 3min
21
What Books Have Really Influenced You Over Your Career?
59:29 • 4min