March 26, 2020· 54 min

How The Crisis Nearly Blew Up One Of The World’s Safest Trades

Orality
Model
50%

Speaker Breakdown

HostJoe Weisenthal(1,485 words)
M:28%
HostTracy Alloway(1,987 words)
M:28%
GuestJosh Younger(6,149 words)
M:27%

Oral Indicators

Agonistic34%
literally, completely, very
Engagement53%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
it's (75x), about (72x), they (60x)
Parallelism100%
And I'm Joe Wasenthal...., So, Joe, I I know there's a lo..., But it would be very interesti...
Sound Patterns31%
31 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases6%
at the end of the day, you know what, i mean

Literate Indicators

Hedging9%
could, maybe, probably
Passive Voice12%
is supposed, are worried, been gotten
Abstract Nouns20%
investment, recommendation, liquidity
Subordination8%
because, though, until
Sentence Length51%
Avg: 17.7 words/sentence
Word Complexity48%
investment, analyze, anticipate
Academic Markers3%
according to
Impersonal Style47%
535 personal pronouns found
Descriptive Style100%
literally, completely, exactly

Description

In normal times, U.S. Treasuries are the ultimate safe haven. They are highly liquid and guaranteed to pay out. So when people want to hide out during periods of economic and financial market volatility, you can typically count on there being a strong bid for them. But in the last couple of weeks, the volatility has been so extreme, and the flight-to-cash so severe, that the market stopped behaving as normal. And popular trades involving arbing Treasuries and Treasury bond futures started to fail. On today’s episode, we speak with Josh Younger, a managing director at JPMorgan, who explains how and why it started to fall apart. See omnystudio.com/listener for privacy information.