two treasuries just dropped $48m on sol while network hits 1600 tps + mev elimination• bonk pulling $1.84m daily fees• billion$ treasury formation incoming• nansen mcp confirms larger accumulation patternsmart money doesn't wait for announcements ...

Treasuries are on course to snap a four-day rally https://t.co/bHC1UYlMoF ...

Interest Rate and Inflation Expectations - The market is pricing in both potential rate cuts and higher inflation, creating conflicting signals for the Federal Reserve [3] - The analyst believes inflation has bottomed for the year, referencing break-even spreads as an indicator [2] - The analyst anticipates no rate cut in the immediate term, but acknowledges the possibility of a 50 basis points cut if labor market conditions deteriorate [4] Treasury Market Strategy - The firm is currently positioned for no rate cuts, with a "Steve Burner trade" involving being long on the two-year Treasury and short on the ten-year Treasury [5][6] - The firm has been largely ignoring the 30-year part of the Treasury market, anticipating further upward pressure on rates in that segment [9] - A steeper yield curve is expected if monetary policy is loosened amidst existing inflation and tariff pressures [8] Portfolio Construction and Risk Management - The portfolio includes short-duration credit, which is expected to rally if rates decline, providing dual exposure [13] - The firm is prioritizing stability and managing volatility, avoiding stretching for valuation or taking on significant risk due to unpredictable rate cuts [17] - The portfolio incorporates floating rate debt to benefit if there are no rate cuts [18] - The firm is considering non-dollar trades for the portfolio at some point this year [18] Fiscal Policy and Global Sovereign Debt - The analyst expresses concern about increased government spending, noting the debt limit was raised by $5 trillion [14] - There is pressure in sovereign debt globally, influenced by factors like the Japanese market and elections [15]

usdt now holds more treasuries than germany, skorea and saudi arabia combinedmeanwhile cb quietly building full banking stack through opyn + liquifithe parallel financial system isn't coming. it's already here ...

blackrock holds 720k btc while tether sits on $120b in treasuriesthe game isnt about crypto vs tradfi anymore. its about being everywhere at oncewhen you realize whats happening you cant unsee it ...

Foreign Investment in US Treasuries - Foreign investor holdings of Treasuries increased in May [1] - Overseas demand for US government securities remains resilient [1] Key Players - Canadian purchases led the surge in foreign holdings [1]

Treasuries slipped as markets grappled with the fallout from US President Donald Trump’s latest attacks on Federal Reserve Chair Jerome Powell. https://t.co/IuDivfpqOT ...

Market Concerns - Concerns about US President Donald Trump removing the Federal Reserve chairman will linger over markets [1] - This concern will put pressure on the dollar and Treasuries until it is resolved [1]

Key Metrics - ETH in treasuries surged by 5,829% [2] - ETH on CEXs hit the lowest level since 2016 [2] - L2s now see 5x more daily users than L1 [2]

Proposed Social Security Solution - Senators propose diversifying trust fund investments to maintain benefits [1] - A separate fund from the Social Security trust fund would be created with $1.5 trillion over 10 years, invested in the US economy [3] - The return on investment would offset any unfunded liability in the Social Security trust fund [3] Funding Mechanism - The US would borrow $300 billion per year for 5 years to fund the separate trust fund [4] - Borrowing is offset by the escrow account, not contributing to national debt [4] Risk Mitigation & Safeguards - The fund would be held in escrow for 65 to 75 years [3] - Even during a 10-year secular bear market, the plan is projected to work due to the long investment horizon [6] - The plan has been modeled through the great financial crisis [6] - An independent board, patterned after the thrift savings plan, would manage investments with strict guard rails [8] - Congress would be mandated to raise taxes if any action decreases the return on investment [10] Current Social Security Status - The Social Security trust fund is projected to become insolvent in 8 years, potentially leading to a 25% benefit cut [5] - Current trust fund investments are in treasuries, some bearing 1-4% [2]