Matthew Hornbach: The Impact of Policy on Bond Markets

This podcast episode analyzes the ongoing turmoil in the U.S. Treasury bond market, highlighting its impact on mortgage rates, the global financial system, and the economy as a whole. The bond market's decline has led to higher interest rates and downward pressure on other currencies. The rising bond yields have influenced mortgage rates, investments in the stock market, and the resilience of the U.S. economy. The Fed's hawkish reaction to recent growth and inflation data is considered a major driver of the current bond market route.