Co-hosts Jack Farley and Joseph Wang (“Fed Guy”) break down the surge in European bonds in response to the hawkish shift of Christine Lagarde, President of the European Central Bank (ECB). Wang explains his most recent post on the damage that rate hikes inflict onto holders of fixed-income instruments, and the two explore the significance and consequences of a globally coordinated effort by central banks to stop inflation in its tracks. Joseph Wang’s writings can be found at: https://fedguy.com/ Joseph Wang’s Twitter: @FedGuy12 Jack Farley’s Twitter: @JackFarley96 Blockworks Twitter: @Blockworks_ Wang’s most recent article on Quantitative hikes: https://fedguy.com/quantitative-hikes/ Link to Blockworks’ newsletter: https://blockworks.co/newsletter/