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How Inflation and Unemployment Are Cornering the Fed w/ Samim Ghamami

Milk Road Macro

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Future of the Treasury Market

This chapter explores the future of the treasury market, discussing needed reforms for liquidity and efficiency, such as the treasury clearing rule. It also addresses geopolitical shifts affecting foreign holdings, the impact of the Genius Act on T-bill demand, and the potential role of stablecoins in reshaping treasury securities demand.

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