The Bond Market Pain Isn't Over | Weekly Roundup

The 10-year just closed at 5.22%, but the pain trade may be even higher.

This week, 40-year rates trading veteran DCP joins us as we examine the bond selloff and what it would take to actually break something and flip the pain trade in bonds.

We explore SOFR hike pricing, AI capex and private credit, diesel's hit to Main Street, market concentration, the quiet consumer stock bear market, and where DCP would finally get long. Enjoy!

TIMESTAMPS:

00:00 Intro

02:21 Why Bond Yields Keep Rising

07:30 Can Main Street Survive Higher Rates?

11:15 Can Treasury Stop The Selloff?

16:22 What Can’t The Fed Fix?

19:54 Why Higher Yields Remain The Pain Trade

23:13 What Breaks The AI Boom?

26:38 The Generational Bond Bull Market Is Over