Co-hosts Jack Farley and Joseph Wang (\u201cFed Guy\u201d) 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.\n\nJoseph Wang\u2019s writings can be found at: https://fedguy.com/\nJoseph Wang\u2019s Twitter: @FedGuy12\nJack Farley\u2019s Twitter: @JackFarley96\nBlockworks Twitter: @Blockworks_\nWang\u2019s most recent article on Quantitative hikes: https://fedguy.com/quantitative-hikes/\nLink to Blockworks\u2019 newsletter: https://blockworks.co/newsletter/