Fed Can't Fight Overseas Forces in Bond Market

The video discusses the trends in the two-year yield and the factors influencing the bond market, including foreign investments and the actions of central banks like the Fed and BOJ. It highlights the challenges faced by central banks in impacting currencies and the ongoing debate about the relevance of the Phillips Curve in current economic conditions. The discussion also touches on the potential effects of monetary policy on inflation and unemployment rates.

What are the implications of the two-year yield changes discussed in the text?

How does the bond market's behavior relate to overseas forces according to the discussion?

What concerns does the speaker express regarding the traditional Phillips curve?

In what ways do central banks appear to be losing power over their currencies?

What potential effects could a more hawkish Fed have on the global economy?