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Is Treasury Secretary Bessent bailing out the market (again)?
Episode 377
Published 1 month, 3 weeks ago
Description
In this episode, we explore why the Treasury's latest financing actions reinforce 42 Macro's long-standing thesis of a geopolitically driven supply-demand imbalance in the Treasury bond market. We also discuss how these policy measures are easing pressure on the Federal Reserve, why the Fed may still need to regain credibility with the bond market before pivoting dovish, and what those dynamics mean for investors navigating today's macro regime.