Move in Yields Has Been Healthy, Fundamental: Joshua Younger

The transcript discusses the rapid growth expectations for the US economy and the impact on treasury yields, emphasizing that the changes are driven by inflation expectations rather than real yield movements. It explores the role of convexity in market reactions, the attractiveness of US treasuries to foreign investors, and the influence of liquidity and high frequency trading on market stability. The discussion also covers the sensitivity of the market to Fed policy and potential risks associated with changes in interest rates.

What role do high-frequency traders play in the current market dynamics?

How does the current liquidity condition affect market transactions?

What are the implications of the Fed's stance on interest rates for the market?