Nick Givanovic

Nick Givanovic discusses the unattractiveness of Treasury bonds for leveraged investors, favoring stocks. Topics include bond auction failures, U.S. government borrowing, yield curve trades, inflation volatility, and bullish outlook on stocks over bonds.

Follow On The Margin On Spotify: https://spoti.fi/46WWQ6TFollow On The Margin On Apple Podcasts: https://apple.co/3UsnTiMFollow Blockworks Macro On YouTube: https://bit.ly/3NKpujX--On today’s episode, two hedge fund veterans Andy Constan & Nick Givanovic, Co-Founders of 2 Gray Beards join the show for a discussion on the recent bond market sell-off, the journey towards recession island in 2024 & the path ahead for equity weakness depending on the U.S Treasury's QRA at the end of October. To hear all this & more, you'll have to tune in!--Follow Andy: https://twitter.com/dampedspringFollow Nick: https://twitter.com/nickgiva1Follow On The Margin: https://twitter.com/OnTheMarginPodFollow Michael: https://twitter.com/MikeIppolito_Follow Blockworks: https://twitter.com/blockworks_--Referenced In The Show:Logan’s speech is worth reading: the “why” of this recent bond selloff matters importantly for the Fed: https://twitter.com/NickTimiraos/status/1711371085889864063The U.S. Treasury Is Neutralizing The Fed's Quantitative Tightening | Michael Howell & Andy Constan: https://www.youtube.com/watch?v=5nZwrE_uNcg--Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/--Timestamps:(00:00) Introduction(01:28) How To End An Inflation Cycle(06:43) A Wave Of U.S Treasury Issuance Is Coming To Market(17:12) The Fed Will Be Happy With The Bond Market Sell-Off(19:43) Blockworks Research Ad(20:30) The U.S. Treasury Is Neutralizing The Fed's Quantitative Tightening(27:48) Debt & Deficits(35:11) Reacting To Geopolitical Uncertainty In Markets(41:33) Preparing For Act 4 In A Move To Recession Island(47:41) Inflation--Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.