Episode Details

In this version of the Macro Minute, Darius examines who’s right in the Treasury market debate between Stanley Druckenmiller and Scott Bessent, explaining why recent efforts to manage the bond market may ultimately accelerate the transition toward Paradigm D, or “Control + Print.” He also discusses 42 Macro’s estimate that the 10-year Treasury yield remains well below fair value and why the structural supply-demand imbalance in the Treasury market remains a critical long-term risk for investors.