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b"Today Jack Farley welcomes two financial heavyweights who, in Jack\\u2019s view, have predicted and understood this year\\u2019s sell-off in bonds more accurately and clearly than anyone else in finance: Harley Bassman, founder of the MOVE Index and managing partner at Simplify Asset Management, and Joseph Wang, former senior trader for the Federal Reserve.\\nBassman and Wang agree that it is likely that short-term interest rates are close to peaking, but that long-term bonds remain vulnerable to the triple threats of convexity, illiquidity, and duration.\\nWang argues that the illiquidity in the U.K. gilt market might be a harbinger for the other sovereign bond markets around the world (including the U.S. Treasury market), and Bassman shares several parts of fixed-income that he personally finds attractive, such as AA 22-year callable municipal debt and agency mortgage-backed securities. Filmed on October 6th, 2022.\\n--\\nFounded in 2014 by three cybersecurity engineers, Bittrex is a world-class cryptocurrency exchange with a focus on security and trust. Trade over 150 cryptocurrencies in the United States along with lightning-fast trade execution and dependable digital wallets, all protected by industry-leading security practices. Discover why Bittrex is the best kept secret in crypto trading. Open your account today at:\\xa0http://fgpodcast.link/bittrex\\n--\\nFollow Joseph Wang on Twitter\\xa0https://rb.gy/q0eztp\\nFollow Harley Bassman on Twitter\\xa0https://rb.gy/8a1rs4\\nFollow Simplify on Twitter\\xa0https://rb.gy/pavfzi\\nFollow Jack Farley on Twitter\\xa0https://rb.gy/uesguv\\nFollow Forward Guidance on Twitter\\xa0https://rb.gy/cy0dki\\nFollow Blockworks on Twitter\\xa0https://rb.gy/igyzsj\\n--\\nBassman is the creator of the Simplify Interest Rate Hedge ETF ($PFIX), which, on a total return basis as of October 6th, 2022, is up 80% year-to-date and is up 35% since inception in September 2021. Wang\\u2019s writings can be found at\\xa0https://rb.gy/oocxuz\\xa0and Bassman\\u2019s latest commentary as \\u201cThe Convexity Maven\\u201d can be found here:\\xa0https://rb.gy/xbibuj.\\n--\\nUse code GUIDANCE250 to get $250 off tickets to Blockworks\\u2019 London Digital Asset Summit:\\xa0https://rb.gy/uxefzo\\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\\nhttps://rb.gy/5weeyw\\n\\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \\u201cDaily Debrief\\u201d Newsletter:\\nhttps://rb.gy/feusos\\n--\\n(00:00) Introduction\\n(01:00) Is The Sell-Off In Sovereign Bonds Finally Over?\\n(11:57) Risks in The Stock Market\\n(13:53) When Will Powell Pivot?\\n(18:45) The Housing Market Is Already Broken\\n(20:37) What Will Be The First To Break?\\n(28:08) \\u201cBittrex Ad\\u201d\\n(28:42) What Will Be The First To Break?\\n(28:45) How To Hedge Against A Bond Market Sell-Off\\n(34:39) Bullish on High-Rated Long-Term Municipal Bonds\\n(40:31) The Mortgage-Backed Security (MBS) Market\\n(48:12) If Something Breaks, What Will The Fed Do?\\n(52:33) Questions From The Audience\\n(55:29) Recession Risk and Inverted Yield Curves\\n(59:05) Joseph Wang's Take On What Happened In The U.K. Gilt Market\\n(1:02:38) Will Commercial Banks Lose Money?\\n(1:04:21) Reverse Repo Facility\\n(1:05:07) Titanic: Has The Fed Hit An Iceberg?\\n(1:08:17) How High Will The Fed Hike To?\\n(1:09:31) Outro\\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."