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What if JPOW lost control of the long-end?
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What if JPOW lost control of the long-end?

A 🐿️ insurance policy in the event that the long bond is not the perfect recession hedge for investors.

Apr 13, 2023
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Blind Squirrel Macro
Blind Squirrel Macro
What if JPOW lost control of the long-end?
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Midjourney imagines Jerome Powell contemplating the un-anchoring of the long-end of the UST yield curve

Summary

  • The conventional recession playbook for investors is to buy the long bond. What if that …

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