Duration Risk 'Not Priced Properly' Into Bonds: Graham Capital's Tropin

The video discusses the transition to a new political regime, comparing Trump and Biden's policies and their potential impact on markets. It explores market reactions, fiscal conservatism, and the implications of deficit financing. The discussion also covers the unique aspects of duration risk in bonds and how market psychology can influence investment decisions.

What impact could deficit financing have on market psychology according to the discussion?

How is duration risk currently perceived in the bond market, and what implications does this have?