Past Peak Hawkishness (guest: Barry Knapp)
The Market Huddle
00:00
The Liquidity Drain in the Fina Markets
When that liquidity drain started at the beginning of the year, that is what initially buckled the markets. The fed bouncy contraction is so passive compared to what the treasury did in both 20 21 and 20 22. I don't think it's going to be a shock because of the way they do,. Unless the're willing to sell mortgages outright? Because the treasury peeace doesn't affect duration. Only the mortgages do.
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