5% Rates, Bessent's Failed Gamble & What Comes Next w/ Krishna Guha | The Real Eisman Playbook Ep 78

On this episode

About this episode

On episode 78 of The Real Eisman Playbook, Steve Eisman sits down with Krishna Guha, Evercore's Fed watcher, to break down why the ten-year yield has marched from 4.5% to over 5%. He explains that it's a perfect storm of AI debt issuance crowding out Treasuries, war-driven oil prices, the massive deficit, and Kevin Warsh's deliberate withdrawal of the forward guidance guardrails that previous Fed chairs used. They also discuss Scott Bessent's bond buyback program and close with a fun ranking of Fed chairs. 00:00 - Intro 00:42 - Why Were Rates Raised? 03:31 - Kevin Warsh’s Changes 11:43 - The 10-Year Yield 15:20 - Forward Guidance 22:41 - Scott Bessent 29:43 - Rates, AI, & Strains on the…