Episode Details

In today’s Macro Minute, Darius Dale examines why greater coordination between the Treasury and Fed is likely inevitable—but why policymakers may benefit from maintaining ambiguity for now. He breaks down the growing disconnect between Treasury yields and 42 Macro’s fair-value estimates, the risk of further bond-market repricing, and why TGA-funded buybacks, a gold revaluation, or ultimately yield curve control could become increasingly likely policy responses.