Nick Givanovic: Treasury Bonds Are Historically Unattractive To Leveraged Investors
Forward Guidance is sponsored by VanEck.\nLearn more about VanEck Bitcoin Trust (HODL) http://vaneck.com/HODLFG.\nVanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/us/hodlprospectus.\n__\nFollow Nick Givanovic on Twitter https://twitter.com/nickgiva1\nFollow VanEck on Twitter https://twitter.com/vaneck_us\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n__\nTimestamps:\n(00:00) Introduction\n(00:30) Nick Favors Stocks Over Bonds Until He Sees Data That Say Otherwise\n(05:25) Potential For An Bond Auction Failure\n(06:44) U.S Government Borrowing: Treasury Bills vs. Treasury Coupons\n(21:49) Conditions At Recent Treasury Market Auctions\n(25:13) Short Bonds, But Not Wildly Bearish\n(26:13) VanEck Ad\n(27:14) Is Yield Curve Steepener Trade Positive Carry or Negative Carry?\n(28:43) Inflation Volatility Is Bad For Term Premia\n(33:13) Bull Steepener vs. Bear Steepener: How Will The Yield Curve Uninvert?\n(39:10) Bull Steepeners Usually Occur Faster Than Bear Steepeners (Nick Thinks Bull Steepener Could Be More Likely)\n(54:24) Volatility In The Bond Market\n(01:02:21) Relative to Bonds, Nick Is Bullish On Stocks\n(01:07:49) The Labor Market\n(01:09:53) GameStop and the Return of Meme Stocks\n__\nDisclaimer: 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.