Yield Inversion Imminent, Wells Fargo's Schumacher Says

The transcript discusses the current state of the bond market, highlighting a brief dip below zero and predictions of a substantial inversion. It emphasizes the role of the Federal Reserve's interest rate hikes, with the market pricing in over 200 basis points of tightening this year. The discussion also covers the importance of market pricing for 2023, suggesting that current expectations are overly focused on 2022.

What are the implications of a deeply inverted yield curve?

What does the speaker believe about the current pricing for next year?