November 7, 2024· 24 min

Harley Bassman on Trump, the Fed, and the Bond Market

Harley Bassman

Orality

Model

68%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostJoe Weisenthal(854 words)

M:93%

HostTracy Alloway(1,369 words)

M:28%

GuestHarley Bassman(2,036 words)

M:93%

Oral Indicators

Agonistic27%

literally, completely, obviously

Engagement73%

you, our, your

Memory Aids100%

listen, now, right

Repetition100%

think (45x), know (41x), gonna (32x)

Parallelism68%

And I'm Joe Weisenthal...., But one thing that is over is ..., And, actually, that part is ov...

Sound Patterns51%

26 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases12%

at the end of the day, you know what, i mean

Literate Indicators

Hedging14%

probably, perhaps, may

Passive Voice5%

been called, being captured, been captured

Abstract Nouns23%

investment, recommendation, ambiguity

Subordination16%

because, therefore, whereas

Sentence Length34%

Avg: 13.5 words/sentence

Word Complexity47%

investment, analyze, anticipate

Academic Markers6%

according to

Impersonal Style27%

370 personal pronouns found

Descriptive Style83%

literally, completely, actually

Description

The US election is over and Donald Trump has won a second term as president. Stocks have rallied on Trump's win, of course, but some of the more interesting moves have taken place in the bond market. Not only have yields on US Treasuries shot up, but expectations for volatility in the world's most important market were also shifting higher ahead of Trump's win. All of this is happening even though the Federal Reserve is widely expected to cut benchmark rates again this week. So what's driving higher yields? On this episode, we speak with Harley Bassman, managing partner at Simplify Asset Management and creator of Convexity Maven, about all the recent moves in bonds and what could be coming next. Read More: Volfefe Returns to the Bond Market The Market’s Constraint on Full Trumpism Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and exclusive access to our daily Odd Lots newsletter. Already a subscriber? Connect your account on the Bloomberg channel page in Apple Podcasts to listen ad-free. See omnystudio.com/listener for privacy information.

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