Treasury’s Elite Bond Dealers Will Struggle to Handle $50 Trillion Debt bloomberg.com/news/features/…

Estimates of the number of people with security clearance are wide ranging - with some estimates exceeding 2 million. Does this qualify as a need to know basis? Here's a simplified primer on security clearances. coursera.org/articles/secur…

"25% of U.S. GDP flows through area code 202." SB

From my March 2023 paper, The Rising Duration Risk in Sovereign Bonds: (2/2) Duration risk will not disappear unless bond issuance shifts to shorter maturities, but that may create different consequences. Based on the future levels of interest rates and yield curve shapes, in a

From my March 2023 paper, The Rising Duration Risk in Sovereign Bonds (still valid): (1/2) A global fixed income bubble is unwinding into lower bond prices. The era of zero bound interest rates has increased duration risk to imposing levels in select pockets of the global

Treasury will be searching for new issuance patterns. An accurate interest outlook (guess) is difficult but imperative at this juncture. If lower fed funds rates trigger high long term rates, terming out T-bills to the 3 to 5 year pocket maybe the best strategy. Look for new,

Equity price targets and the games analysts play - like poker, there's an art to bluffing. Analysts rarely let down their game faces to tell us that they really do not know. They cross their fingers and hope they are right.

Treasury Secretary Scott Bessent, who took a dim view of his predecessor’s debt issuance policy by alleging it inappropriately influenced financial conditions, said Treasury could increase buybacks of off-the-run securities if needed to stabilize markets bloomberg.com/news/articles/…