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	Podcast:		Saxo Market Call
	Episode:		Fixed-income: What is fiscal dominance and why is it important?
	Category:		Business
	Duration:		00:20:02
	Publish Date:		2023-11-21 14:13:23
	Description:		Today's episode is about a concept called fiscal dominance which is when the fiscal policies begin to dominate the monetary policy. Under conditions of high debt levels and rising interest rates it can create a negative feedback loop in inflation and interest rates potentially leading to sustained negative real rates and fiscal repression. We also talk about yesterday's 20-year Treasury auction and how the market response might indicate that the market is pricing in a slightly more hawkish Fed, with Peter Garnry and Althea Spinozzi. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo
	Total Play:		0