Co-hosts Jack Farley and Joseph Wang (“Fed Guy”) break down the surge in European bonds in response to the hawkish shift of Christine Lagarde, President of the European Central Bank (ECB). Wang explains his most recent post on the damage that rate hikes inflict onto holders of fixed-income instruments, and the two explore the significance and consequences of a globally coordinated effort by central banks to stop inflation in its tracks.

Joseph Wang’s writings can be found at: https://fedguy.com/
Joseph Wang’s Twitter: @FedGuy12
Jack Farley’s Twitter: @JackFarley96
Blockworks Twitter: @Blockworks_
Wang’s most recent article on Quantitative hikes: https://fedguy.com/quantitative-hikes/
Link to Blockworks’ newsletter: https://blockworks.co/newsletter/

00:00 Introduction
00:35 ECB Meeting Breakdown
10:52 Quantitative Hikes
15:04 Double Rate Hike in March?
17:10 How Rate Hikes Inflict Losses Onto Asset Owners
22:25 Do Rate Hikes INCREASE The Money Supply?
34:16 Inflation Data Approaches