European Bonds Throw A Tantrum | Joseph Wang

Co-hosts Jack Farley and Joseph Wang (“Fed Guy”) break down the surge in European bonds in response to the hawkish shift of Christine Lagarde, President of the European Central Bank (ECB). Wang explains his most recent post on the damage that rate hikes inflict onto holders of fixed-income instruments, and the two explore the significance and consequences of a globally coordinated effort by central banks to stop inflation in its tracks.

Joseph Wang’s Twitter: @FedGuy12
Jack Farley’s Twitter: @JackFarley96
Blockworks Twitter: @Blockworks_

00:00 Introduction
00:35 ECB Meeting Breakdown
10:52 Quantitative Hikes
15:04 Double Rate Hike in March?
17:10 How Rate Hikes Inflict Losses Onto Asset Owners
22:25 Do Rate Hikes INCREASE The Money Supply?
34:16 Inflation Data Approaches

[xcellent]

Wow! I'm absolutely pumped to hear you're getting Joseph and Jeff together!!!! Huge tip of the hat to you Jack for making that happen!

[giffica]

Joseph is currently one of the most cogent voices in macro.

[brianborse]

These interviews are so great! Looking forward to the upcoming talk with Jeff Snider

[grantsharman]

You beauty Jack, I think we'll learn so much from listening to these two share ideas. Outstanding!

[sivi]

I just love Joseph .
Keep him coming !

[LegalAutomation]

OMG! So excited to see Jeff and Joseph talk. That will be an EPIC discussion!!! Thank you for coordinating that!!!

[catcutable]

Thank you! Joseph Wang, Jeff Snider, Lyn Alden are so helpful. I am beyond thankful.

[grooves.x]

I think I’m finally starting to under the whole Fed and bonds effect on markets. I need to watch this at least another 2 times 😆

[philipalmond]

Amazing content. Thank you both. I'd love to see a worked example of how raising interest rates works with a transaction. Im still scratching my head around the time value of money aspects and who benefits.

[FIJourney]

Hey Jack, so happy you got Joseph as co-host. Please ask him about Japan and how their debt to GDP is much higher and for longer, yet inflation is low. How come? Can US also have the same situation as Japan? Thanks, Emma.

[amandaj.]

it's a very good idea if people got to setup some stuffs aside for themselves that could be bringing them money apart from their business..

[mrSnotyify]

Hyped about Joseph's new headset!!

[jessyjames]

Would LOVE to hear HOW anyone can state that "rate hikes are priced in." How exactly is that calculation performed? The FFR hasn't moved; the 1-month note yield has budged maybe a basis point; and the 10-year yield (the discount rate) hasn't even moved a full 50 basis points yet! What on God's green earth am I missin', Joseph?

[DP-zthf]

I would absolutely love to see Jeff and Joseph discuss the inflation predicament, and how things might pan out. This would be a high caliber and high share show.

[badtaco]

We want that interview with both him and Jeff

[williamparker]

Add me to the list of people who want to see Wang and Snider. Can't wait

[endernator]

I love this Fedguy… just a cool and knowledgeable guy ❤️

[MrGoodToons]

Jeff Booth would also be a good guest.

[MrGoodToons]

Very much looking forward to Jeff Snider. Richard Werner would also be great to have on the show.

[Four_Eyes]

ask Joseph if he can help you get Wifey Alpha on the show