In this episode, Nik brings us a timely update on the path of interest rates in the United States, including a look at Treasury yields and the yield curve, an exploration into the "Trump trade" of a yield curve steepener, the latest with Fed cut expectations, and some bitcoin valuation analysis. Make sure you get your mortgage refinance applications ready, as rates are coming down.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc

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Chapters:

00:00:00 - The Impact of Declining Interest Rates on Markets

00:02:23 - The Dominant Risk: Unemployment

00:04:43 - Bull Market for Treasuries

00:07:08 - Predicting Lower Treasury Rates

00:09:31 - Locking in a Lifetime Offer

00:11:37 - The Trump Steepening Trade

00:14:03 - Potential Interest Rate Cuts Before Christmas

00:16:24 - The Relationship between Sofer Usage and the Market

00:18:32 - Repo Markets and Bitcoin Valuation

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