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Wall Street Breakfast

Rate watching and why the bond market matters

Wall Street Breakfast

Seeking Alpha

Business News, News, Business, Investing

4.11K Ratings

🗓️ 8 October 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

Matthew Tuttle and Rob Isbitts discuss what's happened in the bond market and why it now has everybody's attention (1:45). Rate watching, inverted curves, the absolute level of the 10-year (5:25) and what they're each buying (18:00).

Transcripts on Seeking Alpha

Show Notes:
Powell Prioritizes Inflation, Overblown Fed Reactions And Market Narratives
Wall Street Lunch: Job Market Keeps Humming As Payrolls Surge
S&P, Nasdaq, Dow's Problematic Construction; T-Bill Rates And Yield Curve Creep
Busting Today's Market Myths With Matthew Tuttle And Rob Isbitts
TBF: The Most Overlooked ETF In Today's Market, And A Key Companion To Covered Call ETF Strategies

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast Sunday Edition.

0:04.7

I'm Rob Is Bitz, Seeking Alpha Contributor under the profile SunGarden Investment Publishing

0:11.0

and creator of a brand new site on the sub-stack platform, E.F. yourself.com.

0:17.4

My friend Matthew Tuttle of Tuttle capital management is with me again.

0:22.0

He's a fellow Seeking Alpha contributor, a highly experienced

0:26.3

trader and an EDF innovator, so we hope you can learn from our experience by listening

0:32.2

this podcast and following us on Sydney Alpha.

0:35.6

Now Matthew, this has been a week that's followed other weeks of pretty massive activity and crosswinds in the

0:49.9

markets yet the trends in stocks and bonds just like in 2022 have been down.

1:00.0

So what do you think first of all are the biggest news items of the week keeping in mind that we're

1:06.5

taping this on Thursday and that Friday is the jobs report so we won't catch that in this but of course by the time people listening to this on the weekend they'll

1:16.8

They'll know what happened there. Yeah, so the the biggest news of the week was interest rates.

1:25.0

Second business news, second biggest news of the week, I would say was probably interest rates.

1:31.0

And if I had to pick a third I'd say interest rates.

1:35.0

Yeah, yep, I get you there and you know we were talking together on this air not too long ago, and I remember that the battleground

1:49.0

for interest rates was 4.3% on the 10-year treasure.

1:55.0

And I don't remember my exact comments,

1:56.8

but basically kind of thought all heck would break loose

2:00.4

if we burst above that.

2:02.1

And, you know, poof, here we are, many basis points above that.

2:08.6

And really, I think what has happened in the bond market now has everybody's attention. It's pretty funny. I know you're not the biggest

2:18.0

fan of, oh let's say, the leading television network

...

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