Mustafa Chowdhury on Surging Wealth, Hidden Bond Buyers and Fed Mistakes | MHC Ep 217

Mustafa is a rates guru and member of the research team at Macro Hive. Before this, Mustafa was the Head of Rates, FX, and Derivatives at Voya Investments, where he helped manage $40 billion of assets. Prior to that, he was a Managing Director and Head of US Rates and MBS Strategy at Deutsche Bank. And in the 1990s, he was Co-Head of Asset-Liability Management at Freddie Mac, where he was responsible for managing one of the world’s largest fixed income derivatives portfolios and trading desks. In this podcast we discuss:
-Misunderstandings around current rates regime
-The rise in household wealth
-Why levels matter more than changes
-Curve inversion and bond demand
-Real money flows into bonds
-Why Fed easing does not make sense
-Shelter price resilience
-Bank credit is easier than you think
-Futures-cash basis trades
-How to trade these markets
-Government underwriting of risk and bubbles
-Books mentioned: The Great Game (Hopkirk)
You can follow Mustafa here (macrohive.com/researcher/must....