In a recent podcast, co-CIO Greg Jensen and Daily Observations editor Jim Haskel discuss how changes to the composition of US debt issuance has temporarily averted some of the most important consequences of the tightening, and why this support to assets is likely to turn into a drag.
Greg describes the mechanics of how the US Treasury changed its issuance patterns in a unique way, why this is likely not sustainable, how he’s assessing the impact of the liquidity hole going forward, and what all of this means for investors.
14 авг 2023
