EPISODE · Aug 28, 2026 · 32 MIN
Episode 006. Can the Treasury Bully the Bond Market?
from Rational Dissent · host Bianco Research
In a regime where financial conditions never tightened and liquidity never left, the Treasury could open its wallet the same week the Fed decides whether to hike. Is it a fool’s errand?Chapters00:00 - Introduction and Topic Overview02:23 - Defining Financial Conditions vs. Liquidity05:54 - Liquidity and the Fed's Balance Sheet08:26 - The Role of the Treasury General Account (TGA)12:48 - Market Liquidity and Inflation Fears21:51 - Term Premium and Market Risk24:41 - The "Liz Truss Moment" and Bond Vigilantes32:26 - OutroLearn 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=SPOT082826
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Episode 006. Can the Treasury Bully the Bond Market?
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