All Bets are Off for the 10-Year

https://www.youtube.com/watch?v=0qRY4yIXfyQ

In this latest Market Update, Michael Flaherty (AlphaCentric) sits down with Brian Loo, CFA (Garrison Point Capital to dissect a volatile start to the year.

Following the geopolitical shifts of February 28th, Brian shares his perspective on why "all bets were off" for the 10-year Treasury and how the market is reacting to the transition in Fed leadership.

Key highlights include:

• Fed Leadership & Rates: With a new Fed chief arriving in May, Brian discusses the likelihood of rate hikes vs. cuts amidst administrative shifts and rising oil prices.

• The "Peak" of Overreaction: A look at why extreme market sentiment—from bank run fears to staple-stockpiling—often signals a turning point rather than a collapse.

• Private Credit Concerns: Why transparency issues in private credit (specifically software exposure) are surfacing and how the Fund’s focus on tangible assets provides a "controlled" alternative.

The Path Forward: Brian weighs in on why he expects markets to "snap back" to their original trajectory as the Iran conflict shows signs of potential resolution.