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Nick Givanovic: Treasury Bonds Are “Historically Unattractive” To Leveraged Investors

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Manage episode 418559468 series 3300108
内容由Blockworks提供。所有播客内容(包括剧集、图形和播客描述)均由 Blockworks 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Forward Guidance is sponsored by VanEck.

Learn more about VanEck Bitcoin Trust (HODL) http://vaneck.com/HODLFG.

VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/us/hodlprospectus.

__

Follow Nick Givanovic on Twitter https://twitter.com/nickgiva1

Follow VanEck on Twitter https://twitter.com/vaneck_us

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_

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Timestamps:

(00:00) Introduction

(00:30) Nick Favors Stocks Over Bonds Until He Sees Data That Say Otherwise

(05:25) Potential For An Bond Auction Failure

(06:44) U.S Government Borrowing: Treasury Bills vs. Treasury Coupons

(21:49) Conditions At Recent Treasury Market Auctions

(25:13) Short Bonds, But Not Wildly Bearish

(26:13) VanEck Ad

(27:14) Is Yield Curve Steepener Trade Positive Carry or Negative Carry?

(28:43) Inflation Volatility Is Bad For Term Premia

(33:13) Bull Steepener vs. Bear Steepener: How Will The Yield Curve Uninvert?

(39:10) Bull Steepeners Usually Occur Faster Than Bear Steepeners (Nick Thinks Bull Steepener Could Be More Likely)

(54:24) Volatility In The Bond Market

(01:02:21) Relative to Bonds, Nick Is Bullish On Stocks

(01:07:49) The Labor Market

(01:09:53) GameStop and the Return of Meme Stocks

__

Disclaimer: Nothing discussed on Forward Guidance 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.

  continue reading

392集单集

Artwork
icon分享
 
Manage episode 418559468 series 3300108
内容由Blockworks提供。所有播客内容(包括剧集、图形和播客描述)均由 Blockworks 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Forward Guidance is sponsored by VanEck.

Learn more about VanEck Bitcoin Trust (HODL) http://vaneck.com/HODLFG.

VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/us/hodlprospectus.

__

Follow Nick Givanovic on Twitter https://twitter.com/nickgiva1

Follow VanEck on Twitter https://twitter.com/vaneck_us

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_

__

Timestamps:

(00:00) Introduction

(00:30) Nick Favors Stocks Over Bonds Until He Sees Data That Say Otherwise

(05:25) Potential For An Bond Auction Failure

(06:44) U.S Government Borrowing: Treasury Bills vs. Treasury Coupons

(21:49) Conditions At Recent Treasury Market Auctions

(25:13) Short Bonds, But Not Wildly Bearish

(26:13) VanEck Ad

(27:14) Is Yield Curve Steepener Trade Positive Carry or Negative Carry?

(28:43) Inflation Volatility Is Bad For Term Premia

(33:13) Bull Steepener vs. Bear Steepener: How Will The Yield Curve Uninvert?

(39:10) Bull Steepeners Usually Occur Faster Than Bear Steepeners (Nick Thinks Bull Steepener Could Be More Likely)

(54:24) Volatility In The Bond Market

(01:02:21) Relative to Bonds, Nick Is Bullish On Stocks

(01:07:49) The Labor Market

(01:09:53) GameStop and the Return of Meme Stocks

__

Disclaimer: Nothing discussed on Forward Guidance 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.

  continue reading

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