16 min listen
Fixed-income: What is fiscal dominance and why is it important?
FromSaxo Market Call
ratings:
Length:
20 minutes
Released:
Nov 21, 2023
Format:
Podcast episode
Description
Today's episode is about a concept called fiscal dominance which is when the fiscal policies begin to dominate the monetary policy. Under conditions of high debt levels and rising interest rates it can create a negative feedback loop in inflation and interest rates potentially leading to sustained negative real rates and fiscal repression. We also talk about yesterday's 20-year Treasury auction and how the market response might indicate that the market is pricing in a slightly more hawkish Fed, with Peter Garnry and Althea Spinozzi.
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Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here.
Click here to open an account with Saxo
Released:
Nov 21, 2023
Format:
Podcast episode
Titles in the series (100)
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