Hard for Treasury Yields to Push on Significantly, Athey Says

The video discusses the economic implications of Biden's $1.9 trillion package, focusing on bond market dynamics and rising yields. It explores historical analogies, such as James Carville's quote on the bond market's power, and the impact of global savings on US Treasurys. The discussion includes the Greenspan conundrum and current economic trends, highlighting the challenges in pushing treasury yields higher in the short term.

What are the implications of Biden's $1.9 trillion package on the bond market?

How do historical analogies relate to the current state of financial markets?

What role do bond vigilantes play in the current economic environment?

In what ways are large pools of wealth and savings influencing US Treasurys?

What challenges might arise for treasury yields in the short term?