Episode 005. Is Bessent Helping?

The Treasury secretary is hoping to lower yields by increasing buybacks but the effectiveness of such tools has diminished in a high inflation era.Chapters00:00 - Teaser & Introduction01:09 - The Treasury's Rough Week03:13 - Opening the Toolbox: Fed vs. Treasury08:00 - The TBAC and the Optimal Issuance Mix11:39 - The Core Issue: Unchecked Inflation20:43 - Washington's Reluctance to Fix the Deficit29:12 - Closing Question: Warsh vs. BessentLearn more about Bianco Research: https://www.biancoresearch.com/Sign up for a free trial of Bianco Research here: https://www.biancoresearch.com/free-trial/?source=SPOT082126