The Mark Moss Show Bond Market Is Blowing Up, But No One’s Telling You Why! | Nik Bhatia
May 22, 2025
Nik Bhatia, founder of The Bitcoin Layer and author of Layered Money, brings deep insights into the chaos of today's bond market. He discusses the rising volatility, the factors driving market upheaval, and the frequency of rare financial events. Bhatia analyzes the implications of the BRICS coalition and U.S.-China tensions on global trade. He delves into the precarious state of weak currencies like those in Lebanon and Turkey and explains how Bitcoin might reshape financial dynamics amidst these challenges.
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Focused Selling in Treasury Market
- Recent selling in 10+ year U.S. treasuries is very focused and differs from typical market moves.
- The move is driven by real yield increases, a steepening yield curve, and collapsing swap spreads, indicating localized selling.
Dollar System as Global Banking Phenomenon
- The U.S. dollar system functions globally as a banking phenomenon via the eurodollar system.
- A financial conflict might be brewing between Europe and the U.S. over usage and payments in this system.
Currency Collapse and the Mar-a-Lago Accord
- Some weaker currencies may collapse soon due to rapid inflation and leverage without real assets.
- The Mar-a-Lago Accord could normalize currency relations with dollar stablecoins, limiting currency manipulation.
