cover of episode Harley Bassman on Trump, the Fed, and the Bond Market

Harley Bassman on Trump, the Fed, and the Bond Market

2024/11/7
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Harley Bassman
简化资产管理公司的管理合伙人，著名的MOVE指数创造者和金融衍生品专家。
Topics
Harley Bassman指出，债券市场波动性的增加是由对美联储政策和特朗普政府新政策的不确定性所驱动。尽管股票市场因财政刺激和经济增长预期而保持稳定，但债券市场仍然受到利率走向和特朗普政策（例如移民政策）的潜在影响的困扰。 Tracy Alloway和Joe Weisenthal讨论了股票市场和债券市场波动性之间的差异，以及特朗普的政治压力对美联储决策的潜在影响。他们还强调了市场对特朗普政府人事任命以及这些任命对未来政策方向的影响的高度关注。

Deep Dive

Chapters
The discussion begins with the market reaction to Trump's election win, focusing on the bond market's volatility and the Fed's upcoming meeting.
  • Trump's election win led to a market rally, but bond yields also shot up.
  • Volatility in the bond market increased due to election uncertainty.
  • The Fed is expected to cut rates, but this hasn't stopped the rise in yields.

Shownotes Transcript

The US election is over and Donald Trump has won a second term as president. Stocks have rallied on Trump's win, of course, but some of the more interesting moves have taken place in the bond market. Not only have yields on US Treasuries shot up, but expectations for volatility in the world's most important market were also shifting higher ahead of Trump's win. All of this is happening even though the Federal Reserve is widely expected to cut benchmark rates again this week. So what's driving higher yields? On this episode, we speak with Harley Bassman, managing partner at Simplify Asset Management and creator of Convexity Maven), about all the recent moves in bonds and what could be coming next. 

Read More:Volfefe Returns to the Bond Market)The Market’s Constraint on Full Trumpism)

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