This interviewer wants to be seen smarter and knowledgeable than he actually is. One piece of advice: DO NOT interrupt Luke Gromen when he speaks, man (and no, his cues for speaking are not off as he was interviewed for many years).
FFS, this presenter really likes the sound of his own voice. Whatever you're name is, you should try to listen to Luke instead of interrupting him - you might learn something!
I’m confused as to why a strong dollar means poor bond auctions, wouldn’t a strong dollar mean high rates which means high demand for U.S debt from foreign investors?
well if dollar is strong then all the central banks will send there bond holding to defend there currency... that increases the liquidity which drives the bond price less and yield higher. so in the auctions they have to pay a higher yield else participants can buy the same bond from the market with better yields.
US bonds compete with other bonds /assets on the international markets. If the dollar is high then they are more expensive to buy in terms of other currencies, so foreign investors buy less of them.
Please don't bicker with your guests. Luke is spot on with his assessment. Dollar depreciation until the bubble burst.
This interviewer wants to be seen smarter and knowledgeable than he actually is. One piece of advice: DO NOT interrupt Luke Gromen when he speaks, man (and no, his cues for speaking are not off as he was interviewed for many years).
Luke brought a machine gun to a knife fight.
My God. Where'd they find this host?
FFS, this presenter really likes the sound of his own voice. Whatever you're name is, you should try to listen to Luke instead of interrupting him - you might learn something!
This chap constantly interrupts and doesn't understand. I will stick with Luke.
Schooled by Luke. That was embarrassing
Let me say this again, SLOWLY. Some will line up to buy USTs - until they don't.
You have to shut up and let look talk.
We make adjustments 😊
I’m confused as to why a strong dollar means poor bond auctions, wouldn’t a strong dollar mean high rates which means high demand for U.S debt from foreign investors?
well if dollar is strong then all the central banks will send there bond holding to defend there currency... that increases the liquidity which drives the bond price less and yield higher. so in the auctions they have to pay a higher yield else participants can buy the same bond from the market with better yields.
US bonds compete with other bonds /assets on the international markets. If the dollar is high then they are more expensive to buy in terms of other currencies, so foreign investors buy less of them.
Wear a tie.
no need