Harley Bassman on Bonds, AI Debt & Inflation | Tall Oaks Podcast

Harley Bassman, the "Convexity Maven" and creator of the MOVE Index (often called the VIX for bonds), joins Branden DuCharme for a wide-ranging look at bonds, rates, and the dollar.

Harley spent 26 years at Merrill Lynch, where he traded options on mortgage bonds, and he shares his market commentary for free at ConvexityMaven.com.

In this episode:
• Why a mortgage bond works like the original covered call fund
• Convexity explained in plain English
• Why the mortgage market's "convexity beast" is waking up
• Why AI hyperscalers may borrow at almost any price, and what that could mean for Treasury yields
• How the yen carry trade could change who buys U.S. debt
• Why Harley calls inflation the government's silent tax
• His view of gold as an alternate currency

Resources:
• Harley's free commentaries: https://www.convexitymaven.com

DISCLAIMER:
Information presented on this program is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Discussions and answers to questions do not involve the rendering of personalized investment advice, but are limited to the dissemination of general information. A professional advisor should be consulted before implementing any of the options presented. Encompass More Asset Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements.