Asks if market weakness is due to Fed independence question or economic data/de-risking.
Vonnie Quinn
Ven Ram
The risk premium markets quickly embedded into US assets is remarkable - 10 and 30 year yields rising, with 30 year more pronounced.
Ven Ram
Dollar trading at 3% risk premium discount to model values, similar to 6% discount when Trump announced tariffs last April.
Ven Ram
Gold has geopolitical tensions in Iran, dollar risk premium, and as non-fiat asset questioning US balance sheet - many factors playing into gold.