Daybreak Europe Show Open: Bond Vigilantism

The video discusses significant changes in the bond market, highlighting an extreme moment in bond market pricing with expectations of multiple rate hikes. It examines the Federal Reserve's stance, market reactions, and the repricing of the yield curve. The concept of bond vigilantism is introduced, emphasizing its potential impact on the Federal Reserve's decisions.

How has the rhetoric surrounding rate hikes changed recently according to the text?

What is the significance of the phrase 'drum beat of calls for more rate hikes' in the context of the bond market?

What are the implications of the Federal Reserve's actions on the bond market as discussed in the text?

What does the term 'bond vigilante ISM' refer to in the context of the discussion?

What does the speaker mean by 'the speed of the change in the long run' affecting the Fed?