Rob Armstrong
👤 Speaker
1161
total appearances
Appearances Over Time
Podcast Appearances
Unhedged
What’s bothering bonds?
You know, this is this is a very important fact about it.
Unhedged
What’s bothering bonds?
I noticed the Australian 10-year is also paying 5%.
Unhedged
What’s bothering bonds?
So you can flip over to Australia and get the same yield.
Unhedged
What’s bothering bonds?
Shall we broaden the lens to the world?
Unhedged
What’s bothering bonds?
Issuing bonds and having the central bank buy them is printing money.
Unhedged
What’s bothering bonds?
I think it's because of the size, liquidity, and structure of the market rather than the quality of the asset.
Unhedged
What’s bothering bonds?
So it's a universally accepted, highly liquid, large, easy to access market in a currency that everybody understands and wants.
Unhedged
What’s bothering bonds?
So in global bond markets, it pays to be the biggest and the U.S.