How Wall Street Views U.S. Treasuries

The transcript discusses the dynamics of the equity and bond markets, focusing on the spread between Treasurys and bonds. It highlights the impact of global flows and hedging costs on market spreads and the role of foreign investment in influencing Treasury yields. The discussion includes insights from Bill Gross and examines how changes in hedge costs affect foreign buyers, particularly in Euroland and Japan. The transcript also touches on the implications of a steeper yield curve and the attractiveness of U.S. Treasurys to foreign investors.

In what ways have foreign investors' perceptions of US Treasurys changed?

What implications does a steeper yield curve have for bond investors?