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BCB077_GREG FOSS & JOE CARLASARE: The Bond Debate

Blue Collar Bitcoin

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Is There Anybody Not Making It Work?

The global bond market has lost 15 trillion dollars in value. There's tens of trillions of dollars of negative real yielding debt. The UK pension plans went unfunded and got levered three times because they tried to reach their bogey by using leverage in the pension plan to reach their hurdle rates. This is where things blow up, Joe. It blew up in the UK right now. That is why the chancellor had to step in the Bank of England and say that they were a buyer of the long end. Then was a seller because they were getting margin called. And the U.S. will follow the path of every other sovereign state. Well, I'm not sure they're making

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