HSBC's Steven Major: U.S. Fed Over Tightened Last Year

The video discusses the impact of the Fed's overtightening on the economy, analyzing unemployment rates and economic growth. It explores bond market dynamics, negative yielding debt, and forecasts for interest rates in the US and Europe. The UK gilt curve and ECB policies are also examined, highlighting their effects on financial markets.

How does the speaker relate the concept of relative value to current market conditions?

What factors does the speaker believe contribute to the steepening bias in the UK yield curve?

What implications does the speaker draw from the potential outcomes of the Brexit situation?

What does the speaker mean by the term 'reversal rate' in the context of monetary policy?