Peters on credit market dichotomy and AI debt (with Speaker3, Speaker7)

Peters sees credit as expensive from a passive beta perspective (tightest spreads in 25 years), but dispersion is the best he's ever seen, creating idiosyncratic opportunities. He warns against unsecured Mag 7 AI debt, seeing better value in structured/collateralized paper. He expects Warsh to be hawkish despite dovish market pricing, as easing would cause back-end yields to explode.

yields

If he comes out today and he cuts interest rates by 100 basis points, what happens to back-end yields? They're just going to explode higher.

19 calls

no reliable edge (random outcomes)

6/12/2026 3:31:49 PM	short term up	7 days later	+0.90%	+0.90%
5/18/2026 9:01:25 PM	medium term cautious up	20 days later	-2.46%	-1.23%
4/16/2026 6:03:07 PM	long term up	60 days later	+4.29%	+4.29%
4/6/2026 10:30:45 PM	short term cautious up	6 days later	-1.06%	-0.53%
3/25/2026 12:26:08 AM	medium term cautious down	20 days later	-3.03%	+1.52%
11/25/2025 8:46:35 PM	short term cautious down	5 days later	+2.45%	-1.23%
11/12/2025 4:29:08 PM	medium term cautious down	20 days later	-1.34%	+0.67%
11/5/2025 12:18:17 AM	medium term cautious down	20 days later	-2.32%	+1.16%
10/24/2025 5:08:46 PM	short term cautious down	7 days later	+2.73%	-1.36%
10/15/2025 10:59:52 PM	medium term cautious down	20 days later	+4.55%	-2.28%
10/2/2025 6:11:21 PM	medium term sharp down	20 days later	-3.11%	+4.66%
9/30/2025 9:58:43 PM	short term up	5 days later	+1.36%	+1.36%
9/17/2025 10:02:22 PM	short term cautious down	5 days later	+0.39%	-0.19%
9/16/2025 9:04:34 PM	short term sharp down	5 days later	+1.64%	-2.47%
9/12/2025 11:53:46 AM	medium term cautious down	21 days later	+3.17%	-1.59%
9/11/2025 5:44:45 PM	medium term cautious down	20 days later	+0.66%	-0.33%
8/22/2025 6:06:13 PM	short term down	8 days later	+0.05%	-0.05%
8/12/2025 10:24:43 PM	short term sharp down	5 days later	+2.43%	-3.65%

Show all 18 yields results

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