On today's episode of Forward Guidance, Harley Bassman discusses the Fed, money burning, extension risk and why he's bullish on mortgage-backed securities.
--
Follow Harley Bassman on Twitter: https://twitter.com/ConvexityMaven
Follow Jack Farley on Twitter: https://twitter.com/JackFarley96
Follow Blockworks on Twitter https://twitter.com/Blockworks_
Subscribe To The Blockworks Newsletter: https://blockworks.co/newsletter
--
Bit.com is a full-suite cryptocurrency exchange launched by Matrixport, an integrated financial services firm headquartered in Singapore. Since August 2020, Bit.com has been online supporting the spot, perpetual, futures, fixed income and options products, with a particular highlight being pioneers to launch BCH options. Bit.com is the second-largest in the BTC and ETH options market.
Call to action: For any further enquiry, please contact [email protected].
Sign up URL: https://bit.ly/3KlgLR3
App download URL: https://bit.ly/3xer6uI
--
Timestamps:
00:00 Introduction
01:18 Historic Bond Sell-Off
09:48 Credit Vol
17:14 Is There A Powell Put On Credit?
21:56 Is Quantitative Tightening (QT) Money Burning?
25:05 Bit.com Ad
33:49 Yield Curve Inversion
41:26 Outlook on Mortgage-Backed Securities (MBS)
44:59 Pre-Payment and Extension Risk
51:42 Will MBS Convexity Humble the Fed?
1:00:08 Bassman's Highest Conviction View
1:03:38 Municipal Bonds
1:04:42 Longer-Dated Calls on Equity Indices
--
Disclaimer: 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.
No Comments