Episode Details

This video is a clip from BND: Strategy Room Live Stream on August 22, 2026. Stephen Miran and Nouriel Roubini wrote a research paper for Hudson Bay Capital titled “ATI: Activist Treasury Issuance and the Tug-of-War over monetary policy.” This research paper was originally published in July 2024. ATI, in a sense, was the Treasury Departments version of Quantitative Easing. ATI became a tool in the Treasury’s toolbox. Given what Scott Bessent is looking to do in the bond market, I thought this was a good time to go back and review ATI. A link to the research paper is included below.

Link:69e6aab714fc6f94b589fcc0_635102_ATI_-_Activist_Treasury_Issuance_and_the_Tug-of-War_over_Monetary_Policy.pdf