Since Scott Bessent took the Treasury’s helm in January, bond dealers have done a 180 on the key question about his issuance strategy in the $29 trillion market for US Treasuries https://t.co/QLixPX1EHS ...

If you aren’t good at trading pivot to treasuries. https://t.co/inMLHct5eM ...

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]