I think you are the only finance KZitemr that can make a video about treasury yields and still make it very entertaining. Great work
@ThePlainBagel
11 ай бұрын
That might be the best compliment I've ever received, thank you!
@tren-y2m
11 ай бұрын
@@ThePlainBagel You're a good teacher, Mr Bagel
@brandon1113
11 ай бұрын
exactly what he said, and understandable!! unbelievably appreciated!
@blongshanks77
11 ай бұрын
I agree. It’s good to hear a KZitemr who actually just gives facts, and not personal opinions disguised as facts.. I always appreciate his videos.
@INTERNERT
11 ай бұрын
same, subscribed
@ComfortableTool86
11 ай бұрын
this channel that I watch for entertainment is getting dangerously close to sounding like my university corporate finance courses lol
@alvydagr8108
11 ай бұрын
I had to take a break from youtube when all my recommended videos were actual lectures 😩
@DominicGreene72
11 ай бұрын
@Wealthwise_capitaloh c’mon, at least buy comment bots to have a fake conversation with each other like everyone else. This is just shameless
@MidnightV6
11 ай бұрын
@@DominicGreene72😂😂😂😂 i usually don’t react to comments but you got me
@hahaboy211
11 ай бұрын
@Wealthwise_capitalget lost. Idiot.
@peeonthe3rdrail414
11 ай бұрын
@Wealthwise_capital Worst bot ever.
@WhatsOnTheOtherEnd
11 ай бұрын
I like hearing about sticking to my long term goals to weather the storm. That effectively translates to “don’t have to actually do anything”, appealing to my lazy nature.
@xiphoid2011
11 ай бұрын
Underrated comment. Don't try to time the market, just have a good diversified the portfolio and keep adding your monthly savings to it. I'm mid 40s now, been 90% stock in the 20s and 30s, 75/25% stocks/bonds since turning 40 has been doing quite well, even up 10% for 2023 despite August & September pullback. Folks, just build a proper portfolio and adjust the mix annually to rebalance the mix. That's all there is to it for non professional investors.
@JLchevz
11 ай бұрын
just don't do anything crazy and save some cash for a rainy day
@adam872
11 ай бұрын
@@xiphoid2011yep, that's exactly what I do.
@chuckbrown8344
11 ай бұрын
Sounds good but hard to digest when your TLT bond portfolio drops 50% with no light in sight.😂
@andrewferguson6901
11 ай бұрын
Market down? It's on sale! Market up? You made money!
@JosephDickson
11 ай бұрын
Canadians explaining US markets to Americans, there’s something poetic about this.
@TC-td1vx
11 ай бұрын
Except that we are in no position to lecture anyone with Turdeau in the office.
@monkeyboy600
11 ай бұрын
Are there no American sources you can find? Maybe its a you problem
@skyfeelan
11 ай бұрын
most US financial youtuber is just a shill, I prefer watching plain bagel lol and I'm not even canadian or american
@ericschumaker5126
11 ай бұрын
Richard is a Chartered Financial Analyst, who just happens to live in Ontario (Toronto, I think). As an aspiring CPA, and CFE, I think he is one of the best sources of financial advice. That he is Canadian is a mere coincidence.
@MenAreSpeaking
7 ай бұрын
Canada doesn't have an economy, so what else is he going to talk about
@parkmannate4154
11 ай бұрын
Economists have successfully predicted 13 of the last 6 recessions
@donaldclifford5763
10 ай бұрын
The key to predictions is to predict often.
@vancouversworstdrivers
11 ай бұрын
I like facts even if they're "boring" so thank you
@shahirs.243
11 ай бұрын
Your narrative on such topics you assume to be "boring", is really what makes your videos interesting and informative to watch & stay till the end. Thanks as always Mr Bagel 👍🏻
@XiaojunMa
11 ай бұрын
Make it boring? Mission failed successfully!
@nata9907
11 ай бұрын
Thanks for having the Basics section in there for those of us that are still learning! Really appreciate it
@selfawaretrashcan4594
11 ай бұрын
Second that!
@Bismarkdee-b9n
Ай бұрын
Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.
@randybrickson4290
11 ай бұрын
This is an impressively clear and coherent explanation of Treasury dynamics.
@sirrealistoftheparanoiacsh9182
2 ай бұрын
Thank you for providing this valuable educational service to people instead of trying to be a clickbait get rich fast beat the market influencer. Just want you to know that many of us are very grateful to you for providing this vital service.
@geckotrade
11 ай бұрын
Would love a video on what the normalization of these interest rates may look like in the future.
@mastpg
11 ай бұрын
If they normalize, it would probably look like they start to normalize, then continue to normalize, then looking back we'd see that they normalized.
@mastpg
11 ай бұрын
@Wealthwise_capital Would hope this is a joke, but it's not possible to tell anymore.
@DominicGreene72
11 ай бұрын
@@mastpg it’s not a joke, it’s a scam
@samsonsoturian6013
11 ай бұрын
Bug startups will become a thing of the past
@mastpg
11 ай бұрын
@@DominicGreene72 That's why I was hoping it was a joke. Wealthwise Capital sounds like a joke name.
@clickster1883
Ай бұрын
Now being 10 months after the release of this (VERY educational) video, with inflation continuing to trend lower leading to higher expectations of at least one rate cut by the Fed by the end of 2024, I would love to see an update or Part II to this video explaining what effects on national economies and markets, on bond prices, et al, a rate reduction is likely to have. All very good information you put out. Thanks for sharing your knowledge with all of us. Keep up the good work!
@haleyw5677
11 ай бұрын
I really appreciate you explaining these things in a way that makes sense
@joshuacoll.6100
11 ай бұрын
That jingle at 1:40 makes you seem like a financial superhero "Captain Compliance! Calming fears with sound financial strategy and unsensationalized market analysis." Your channel is awesome dude! I show it to everyone who is trying to understand the economy and markets. Keep up the great work 😄
@teresajones9367
11 ай бұрын
I get that the market may be a little freaking about the interest rates but, as I see it, we were all acclimated to very low interest rates. The rates right now are basically a norm. It increases innovation, gives everyone’s head a shake that a buy and throw away economy isn’t staying around. Maybe , just maybe , we all will have to make things that last and are fixable. If not, then we will just have to go without. It’s time we appreciate and respect what we covet and learn to make it last.
@General-Coffee
11 ай бұрын
One of the best videos I've ever watched explaining treasury bond yields! Kudos to you, you've made over 130k people better informed off of this.
@EamonCoyle
11 ай бұрын
Please take this as a positive Richard; when it comes to making real world economics boring and real you are the best !!
@moneyyz_
11 ай бұрын
A great summary of the current state of the bond market, the various inputs that go into it and the stakeholders that stand to gain/lose from this. I have done a lot of research on the historic equity market (S&P500) moves during yield curve inversion. What was particularly interesting to me is that each and every uninversion of the 10-2y curve since 1978 (six times for their respective recessions) has signalled equity market weakness in the short term, with the average one year maximum drawdown (from the market peak) of about -22%, yet in two thirds of these cases, the market rebounded and posted average gains of ~8.5% in this timeframe. The initial uninversions also signaled more medium term weakness, with a stock market bottom being found 6-24 months post uninversion and an average drawdown from initial uninversion to the bottom of ~25%. I think risky asset prices have a fair way to increase yet, as indicated by the FED's stance on "higher for longer" and the hotter than expected labour conditions, but the uninversion will be a stark omen of things to come.
@augstinepalena5327
11 ай бұрын
Very true, but would that not create a very long window where the yield curve is continually inverted? We may see some crazy high rates as a result…
@jonathanemontgomery
11 ай бұрын
Rising yields also signifies resource constraint in the economy. That is, the opportunity cost of government spending is higher. Unless you think the government spends money very efficiently, that means lower growth and productivity.
@Seth9809
11 ай бұрын
What are you even saying?
@samsonsoturian6013
11 ай бұрын
That's all else hold equal, but we all know that both low rates and the current high rates were largely artificial.
@mrados81
11 ай бұрын
Literally my thoughts exactly@@Seth9809
@tonioinverness
10 ай бұрын
@@samsonsoturian6013 what does this mean? Do you mean the rates were made in a lab instead of grown organically using non-chemical fertilizers? All rates are set somewhere by someone. They're all "artificial" through and through.
@karlinchina
11 ай бұрын
Great videos! I just have one nitpick with phrasing: When you say there's a "selloff" or money being "pulled out" of a certain asset class, it implies that the stock or bond market inflate or deflate like a balloon, with money being the air "pumped in" or "pulled out". As you know, for every seller there is a buyer.
@dougsheldon5560
11 ай бұрын
Superb job of keeping your enthusiasm under control. Kudos😅
@danielhale1
11 ай бұрын
I'm really glad I can get the full view from The Plain Bagel before I've even heard the breathless predictions. I'm not interested in the average finance channel's perspective. You provide what few channels can!
@matiasiozzia9547
11 ай бұрын
Thanks Richard for another down-to-earth detailed explanation. I am a big fan of your work.
@billnelson364
5 ай бұрын
This is not boring; this is essential for future survival-----Bill from Pennsylvania
@MillennialMoron
11 ай бұрын
Deleveraging cycles are painful, but usually also necessary to return to healthy growth in the real economy. Particularly in Canada, this process is long overdue imo
@LaSombraa
11 ай бұрын
Time to crash these overvalued assets (stocks, housing)
@huplim
11 ай бұрын
Thank you for this, as usual! ❤ from Malaysia!
@Moz122333
11 ай бұрын
Don't say "sorry, that'd my child" That moment added such a human element to this otherwuse plain explanation of this bagel.
@Bob-ke9in
11 ай бұрын
Always content of the highest caliber. Thanks again.
@lazer_kiw1
11 ай бұрын
Appreciate the analysis without sensationalising or trying to sell a narrative like many other finance channels.
@yankeegonesouth4973
11 ай бұрын
Decent video for an overt Canadian. 😉 That being said, I didn't notice any mention that much of US debt is short term and close to 1/4 of it ($7.6 TRILLION) will mature in the next 12 months.
@NBAyyy
10 ай бұрын
This channel, The Money Guys, 2 Cents, and Patrick Boyle are the best financial KZitemrs by far. Great content!~
@philiscoolerthanu
11 ай бұрын
Very calm delivery. I look forward to coming back in a year to rewatch this to see if you or Peter Schiff was right.
@vindex7309
11 ай бұрын
When bond yields rise company spending declines - think of the interest of the lender being their return on investment. The higher the yield the more money you take home. The decline in company spending will trigger the recession we’ve been hearing about - however debt is only half of the story. Companies gain revenues through sales of equity as well (stonks). Company assets = liabilities + equity. It’s impossible to predict what’ll happen but we can have a pretty good idea by gauging the signs.
@stephicool
11 ай бұрын
Thank you i finally understand inverted yield curves now❤
@liamtahaney713
11 ай бұрын
I really like the way you reign in the overreacting online. Nuance is always important and easily lost
@pocok5000
11 ай бұрын
You know a finance youtuber knows his shit if the conclusion of all of the content is "we don't know"
@pocok5000
11 ай бұрын
this was not sarcasm btw
@afr11235
11 ай бұрын
Another important factor in the treasury market is the resolution of the debt ceiling issue. For many months the federal government funded itself through “extraordinary measures” like raiding federal employees’ pension funds. Now the victims of these gimmicks must be made whole, so the treasury is issuing a lot more debt than normal.
@ElGranDoTe1
11 ай бұрын
I had not heard of that thanks!
@SadiqTkd
10 ай бұрын
Wow I never thought there’s a beautiful explanation of this out there. Keep up the good work man
@franciscocosta3682
11 ай бұрын
Great video! Very informative Richard, thanks you.
@MistaBeU2Full
4 ай бұрын
thanks for getting rid of my confusion! you are appreciated
@aaronzwiebel202
5 ай бұрын
Thanks as usual for the level headed and data driven discussion. There's so much doomerism and rage farming these days, especially around economcs. Glad to have found your channel!
@shreyanpurwar1085
11 ай бұрын
Bring back the animations with bagels and all that! These videos are awesome but hard to stay on top of. Or even some subtitles
@willdehne1
11 ай бұрын
Scary how much I agree with your point of view. I am invested in Stocks, Munis and annuity. Managed by Merrill Lynch and BAC. So I worry.
@Yorpy32
11 ай бұрын
I get that as bond prices go down their yields go up to make them more attractive; by what mechanism does this yield actually get set? Is there some guru that decides day-by-day/hour-by-hour what the current yield is? Is it part of the auction, a sort of reverse dutch auction thing? Is there some algo based on recent sales that sets the yield? Also, how does this mechanism differ for Canada government bonds?
@sachindaham
11 ай бұрын
I have same question too actually. Is the yield determined by the yield of the bond that was last sold in the secondary market?
@Ultrajamz
11 ай бұрын
The fed rate, and also if nobody is buying the bonds they raise the yield until someone does, since they are sold at set price on primary market
@Tercel_Champion
11 ай бұрын
I buy bonds frequently. Almost everything is a manual limit order. Each day people log in and look at an order book to see the depth (all of the limit orders). There might be 5, 7, or 20 people selling and others buying. Then there is a price listed, number of bonds available, and minimum purchase. These get updated manually by sellers and buyers every couple of sales. A system called Trace updates upon the sale of the bond. People see that and manually change the price of any outstanding limit order if they want. The number of sellers, buyers, and number of bonds determines the price over time each day. Close price (at the end of the day) is usually the recorded price for the historical trend. If there are lots of sellers or few buyers, the price tends to fall.
@namlehai2737
11 ай бұрын
Your question is answered, in a very detailed manner, in Principles of Macroeconomics, Olivier Blanchard
@SirPaul93
11 ай бұрын
Thank you so much for presenting us such quality videos with clear information. Keep it up! :)
@TrevForPresident
11 ай бұрын
Those "highly deflationary" bank crises seem to be backstopped with BTFD now, which is highly inflationary. RRP draining is upward pressure on rates as well. All this new financial engineering reminds me of the old.
@jasong4879
11 ай бұрын
really informative! Thank you. Video request: How rapidly rising interest rates affect the housing market and the likelihood of of defaults. What default % could be absorbable and what % would "break" the housing market. Just a suggestion. Love the videos.
@bannurnandeesh1637
11 ай бұрын
Watched the whole video, good information!! When you said “it’s my child” I deleted my previous comment
Finally someone who actually explains what an inverted yield curve is rather than screaming "OMYGOD THE YIELD CURVE IS INVERTED WERE ALL SCREWED"
@SylverWWA
11 ай бұрын
"... and to make it boring." That's exactly why I signed up to this channel :D "Keep it simple & stupid." Some people and the media tend to blew things out of proportions, whereas in the world of finance and business, things aren't that extremely interesting or mind-blowing - complicated, can be, but never or rarely so dramatic as some people would like to see it. PS: I think your kid had a very fair point there xD
@aryamanpratiraj6074
11 ай бұрын
As someone preparing for the CFA charter / student of Finance, your videos are super helpful to see the concepts play out IRL! Thank you Bagel, super nice video!
@shoo_ahhh
11 ай бұрын
I really appreciate this breakdown unlike the chaos noise of some other videos I’ve seen where they just induces fear and are headline grabbers.
@SniperReady
11 ай бұрын
I really appreciate and need the steady hand approach these videos provide. I’m new to the market and to receiving pay based on equity, so it can be panic inducing. These videos help keep it in perspective.
@CouchDent
9 ай бұрын
I think social security should be the next video
@hpenvy1106
11 ай бұрын
I hope that the labourmarket stays "hard" for some time longer. This is a major chance for the working poor to escape wage slavery and secure a liveable income.
@hpenvy1106
11 ай бұрын
@The_Plain_Bagel lol no
@planefan082
11 ай бұрын
Yep. Better conditions for everyone
@vladimirofsvalbard9477
10 ай бұрын
Good point! More value to actual workers; not the ones milking the system.
@ThePirateInvestor
7 ай бұрын
Great video! I want to see how all this unfolds in the next 2 years.
@MiguelDOrtiz-bj3nt
11 ай бұрын
This is an amazing explanation for everything going on right now. Congrats!!!
@sfbruner
11 ай бұрын
Great video. Although there was nothing in here I didn't already know I thought you covered pretty much most of the points on the topic. I might add that sell offs could also be a rush to liquidity in consideration of a potential financial crisis. Cash is a position in itself.
@ReadThisOnly
11 ай бұрын
ty mr bagel
@labrat324
11 ай бұрын
Nice vid! I'm wondering what your thoughts are surrounding the idea that "the bond market is the most sophisticated market," specifically the sentiment that these are top-dog players with tons of inside info? e.g. One could argue the bond market saw the shutdowns coming. Obviously some subjectivity there but I think it's important to clarify the viability of this idea when talking about the inverted yield curve; essentially, inverted yield curve equals the guys with the most inside info know something bad is coming. Any truth to this perception?
@afr11235
11 ай бұрын
If the inversion were resolving because short term rates were declining, this would be a sign that market sentiment expects a recession and related cuts in the federal funds rate. What we are seeing instead is a growing realization that the economy is still running too hot to bring down inflation so long term yields are pricing in the reality that rates will be higher for longer.
@timrobertson8436
11 ай бұрын
I would like an episode about why the US economy is not going into a recession such a increasing gov spending. higher demand for the US$ and equities worldwide and the cost of oil etc. That way we could be a little more optimistic about the US economy in comparison to other countries
@disguysn
11 ай бұрын
My guess is that we're still riding the wave of cheap debt from the previous years. Who knows when it will come crashing down?
@steviewonder417
11 ай бұрын
@@disguysnsurely couldn’t be the 100 billion per month we print through the gov security interest channel!
@lowwastehighmelanin
11 ай бұрын
Our economy is doo doo and you just gotta be ok with that.
@tadwiltman4875
11 ай бұрын
My guess... most of us who have homeowner and other longer-term debt are locked-in at a very low interest rate, so really not being affected much by rising rates. Wages going up help those who have that kind of debt as a dominant feature in their budget... even despite the current high-inflation environment
@Martcapt
11 ай бұрын
And I'd like a magical flying poney
@investorwarrior
11 ай бұрын
Awesome work. Thank you for making these videos
@jasonavant7470
11 ай бұрын
Love me some plain bagel. I tell my friends about your channel.
@bizzzzzzle
10 ай бұрын
I think you may be incorrect that the sale of those bonds and predictions of rate drops mean those selling are confident. The huge majority the money from bonds sold is immediately being used to buy bonds at higher rates, not to buy stock. They are just cutting losses now and buying in at a higher rate is all.
@orthoplex64
11 ай бұрын
Could you do a video on why the Federal Reserve doesn't try changing the reserve requirement ratios to fight inflation? They've been 0% since March 2020, and raising them would clearly combat inflation by reducing cash supply, but it's never even brought up as an option.
@chronoshin8597
11 ай бұрын
Not many bank keep their ratio at 0% anyway. So any decision by FED to change the ratio would have minimal impact to the financial market.
@maverickfalcon4856
11 ай бұрын
I have never clicked on a video so fast
@vib_di
11 ай бұрын
Bond price movements tend to follow a positive convexity curve, both side movements tend to benefit the investor, statistically.
@InvestersEdge-lm6zl
11 ай бұрын
I like your videos like this. I think i need to watch it like 10 more times to grasp everything though
@tomj528
11 ай бұрын
Given the current outlook, including wars on multiple fronts with multiple countries teaming up against us, the depletion of the strategic oil reserve as well as our arsenals, the devaluation of our currency, the instabilities of our banking system, and the general societal degradation it's likely wise to take a more defensive posture rather than "riding it out long term".
@wassimyounan-ft3ti
10 ай бұрын
Hi thanks for the content. I think a video on the recent treasury quarterly funding plan and how it thinks when it chooses to spread its debt and borrowing across maturities would really be helpful. Another topic that viewers might find interesting is that are big banks hedged enough to weather unrealized losses after this bear steepening. Thank you.
@morgan3392
11 ай бұрын
Interesting that you cited Morning Brew. Probably the first time I've seen that.
@rickw7523
11 ай бұрын
So sometimes the invert yield curve is followed by a recession. But what is something else that has happened in the past after a yield inverse? the economy just picking up steam again?
@alazarabebe3414
11 ай бұрын
Good explainer but I think you could’ve highlighted how unprecedented the current market action is. Rates have trended downwards for 30 years and are now rising faster than ever before. The risks are astronomical. We have to seriously consider the possibility the US government will not be able to fulfill its debt obligations without yield curve control, which could give inflation a second wind (see Japan).
@thenoodlebuddy
11 ай бұрын
Can someone explain to me why any of these banks would have bought so many long dated bonds at such a low yield? Even if they've plenty of cash to not get caught out on deposits why would they do it in the first place? Surely no one least of all bankers thought interest rates would stay below 0.5% forever? Why not just buy short dated bonds and just keep rolling them over?
@invisiblesun6595
8 ай бұрын
Because the banks assumed exactly that, the interest rates would stay suppressed indefinitely after their bailouts in 2008. Truthfully, was kinda convinced of that myself. Nice of the government to remember they hold the leverage and could bring the banks/market's gravy train to a dead stop whenever they wanted by simpy raising interest rates. In fact, given the number of short term investments they've been getting over the last year they're probably wondering why in the hell they didn't do this sooner🤔🤣
@JohannesPorphyrius
10 ай бұрын
Really nice channel. I work the last years at ECB as an economist but this big picture was not so obvious to me - though it should be.
@cozyvibezzz705
4 ай бұрын
Question Richard if I may ask, So it’s best to lock in now with high yielding bonds and follow the rate cut or rate hike? Love the Videos!!
@bryceasj1999
11 ай бұрын
Hey Bagel, can you do a video explaining the concept behind "infinite banking". I see the term everywhere. I've looked it up myself, but can't seem to wrap my head around it. Almost strikes me as fraud.
@nickspallone8493
11 ай бұрын
Very very brief: Its taking out insurance and then using loans with the insurance as collateral
@bryceasj1999
11 ай бұрын
@@nickspallone8493 Sounds very house-of-cardsy
@keithpham7592
11 ай бұрын
Depends on the product because i don't want to over-generalize, but frankly it's super expensive insurance that promises very unimpressive "guarantees". Basically if you crunch the numbers, it's almost certainly better to invest the money yourself into the stock market into typical broad market funds like VOO. Not a fraud technically, but kinda scammy.
@tren-y2m
11 ай бұрын
Yay, now I know what to talk about in my business class
@Expatriate_1972
11 ай бұрын
More than just a plain bagel. Thank you
@heidihirner9484
10 ай бұрын
Excellent video. Really helped me to understand!!!
@cryptoricardo
11 ай бұрын
Everyone needs to see this video. Funny how people like Peter Schiff keep calling for a crash quarter after quarter and when it happens (in 2026) they will say ''see, I was right! Please ignore the years and years I was wrong''
@tommyallen5761
11 ай бұрын
Would love a video on the hilarity of the anomolous 20yr yield compared to the 10yr and 30yr due to illiquidity and its history
@dmt00000
11 ай бұрын
That's an amazing crash course in bonds in just 18 minutes.
@insmallportions
11 ай бұрын
It's more accurate to say that bond traders have lost money not bond investors. If you buy a bond for the long term the main ways to lose money are inflation and the issuer defaulting. I am not saying it is not painful but the current noise is mostly bond traders suffering buyers remorse. There is no reward without risk.
@pennyether8433
11 ай бұрын
I wish you the best of luck on your kitchen remodeling!
@csanton3946
11 ай бұрын
I think better way of explaining why fed bought bonds in 2020 is so that the market will have enough liquidity on the buy side where all holders wanted to sell and also avoid for a sharp price decrease that would be self reinforcing for more people wanting to sell and eventually capital markets will crash as value of these bonds will decrease significantly and economy would suffer as this will translate to losses for investors
@danielbspinola
11 ай бұрын
Great content, great presentarion. High level. Thank you
@austingeorge6659
11 ай бұрын
The harder you try to make it boring, the more interesting it becomes.
@lamMeTV
11 ай бұрын
First video I have watched I didnt understand ... Would help to explain what a treasury yield actually is
@ThePlainBagel
11 ай бұрын
A simple formula for yield is = annual interest payment/bond price (this is oversimplified, but will help explain). The interest payment for an existing bond doesn't typically change, but the price of the bond will go up or down. For someone looking to buy a bond, the yield tells them what their return for buying the bond will be: if a bond pays $50 a year and is priced at $950, that's a 5.3% annual simple yield. If the price is instead $900, that's a better yield of 5.6%.
@streamingrevenue3053
11 ай бұрын
This is a great explanation .... thank you
@barrytschirpig9328
11 ай бұрын
Having the child at the end show how real this is.
@EvanGillogley
11 ай бұрын
Can u dig deeper into why bonds are losing money as a whole? Do you mean old bonds ? Right now it’s a mix of new and old so the discount is high right? So are there more unprofitable bonds than profitable bonds in the market?
@LucianFuller
11 ай бұрын
Btw Love the Curve Your Enthusiasm “Finance Meme Jokes” … You need to do a video of just them. Lol
@sai9154
11 ай бұрын
Great video and very rational and balanced viewpoint.
@benny496
11 ай бұрын
this is gold.
@thanqol
11 ай бұрын
Save Festivus, no bagel!
@aenorist2431
11 ай бұрын
14:00 Would have been nice to mention the new facility by the Fed (was it the fed?) where banks can get loans collateralized by treasuries at face value, not market rate. Pretty much eliminates that pathway of bank collapse as a possibility. Your treasuries might only be worth 20% of their face value if you sold them ... but if you can get a cheap loan for 100% of their value, you can defend pretty much any bank run that does not last literal years.
@User-pu3lc
11 ай бұрын
Higher for longer. The market has been under predicting this series of hikes since their announcement. They under predicted the top of the rate hikes and predicted cuts much sooner than what has happened to date.
@me0101001000
11 ай бұрын
I watch The Plain Bagel and Patrick Boyle for the TLDR, and Aswath Damodaran for the long form deep dives. Highly recommend the same system to anyone else.
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