Rational Dissent Episode 005. Is Bessent Helping?

Available on YT, Spotify, Apple, Overcast, etc. --- Chapters 00:00 - Teaser & Introduction 01:09 - The Treasury's Rough Week 03:13 - Opening the Toolbox: Fed vs. Treasury 08:00 - The TBAC and the Optimal Issuance Mix 11:39 - The Core Issue: Unchecked Inflation 20:43 - Washington's Reluctance to Fix the Deficit 29:12 - Closing Question: Warsh vs. Bessent — via @biancoresearch

Treasury issuance mix and Fed vs. Treasury debate signal fixed-income market risk.