A reminder that an unprecedented $8.2T of Treasuries will be maturing in 2024.
More importantly:
If yields continue to fall, given the recent criticism for not issuing enough long-term Treasuries at historically low interest rates, Janet Yellen might face significant political… pic.twitter.com/eudnTHfYTi
— Otavio (Tavi) Costa (@TaviCosta) December 31, 2023
Currencies are the heartbeat of the global economy; a rush to an alternative to the reserve currency always gets messy because of the extreme privilege it brings a country.
Who does not like a free lunch?
They will attempt to defend a full force.
These are unpredictable times.
— Gold Telegraph ⚡ (@GoldTelegraph_) January 3, 2024