Why There Hasn't Been a Bigger Flight to Treasuries

The video discusses the current market conditions, focusing on the lack of a significant shift to US Treasurys despite interest rate changes. It explores the impact of these changes on hedging strategies and market volatility, particularly in relation to mortgage-backed securities. The discussion also covers real yields as a proxy for market uncertainty and the role of central banks, especially the ECB, in influencing global bond markets and yield curves.

How has the repricing of rates affected the flight to quality in US Treasurys?

What role do real yields play in the current market conditions?

What factors are contributing to the uncertainty in the markets as discussed in the text?

Discuss the implications of central banks not intervening in the market as they did in the past.

What impact does the ECB's reduction in long-term bond purchases have on global rates?