The Bond Market Has A Massive Problem | Nick Givanovic

Forward Guidance is sponsored by VanEck. Learn more about VanEck Bitcoin Trust (HODL) vaneck.com/HODLFG. VanEck Bitcoin Trust (HODL) Prospectus: vaneck.com/us/hodlprospectus. __ Follow Nick Givanovic on Twitter twitter.com/nickgiva1 Follow VanEck on Twitter twitter.com/vaneck_us Follow Jack Farley on Twitter twitter.com/JackFarley96 Follow Forward Guidance on Twitter twitter.com/ForwardGuidance Follow Blockworks on Twitter 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.