Bond Market Dominoes: The Path to 6% Rates with Peter Boockvar

Boockvar sees the bond market, not the Fed, driving rates toward 6% as sovereign deficits and hyperscaler debt issuance collide with credit stress.

• Fed following, not leading: Boockvar argues the bond market is driving rates higher (unanimous Fed hike, Kevin Warsh-led committee) rather than the Fed controlling policy, since hikes can't fix AI-spend-driven inflation or oil supply.
• Deficit reckoning goes global: France's budget crisis (growth under 1%) is repricing European yields and spilling into Italy and Spain; Boockvar notes the US deficit-to-GDP ratio is even worse than France's.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.