Talking Heads 2025: Who will buy Trump’s big, beautiful bonds?
Treasury issuance and hedge fund risks vex macro heavyweights
This article is part of our annual Talking Heads series of interviews. The others, and those of previous years, can be found here.
The US has long benefited from almost unlimited demand for its sovereign bonds. But as the Treasury prepares to ramp up issuance following the passage of president Trump’s One Big Beautiful Bill Act – which is projected to add $3.4 trillion to the nation’s debt – the
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