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Michael Kao on November Fed Meeting, Treasury Refunding, and Bond Market Bear Steepening (Co-Hosted By Michael Ippolito & Jack Farley)

Forward Guidance

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Treasury Funding Announcement and Bear Steepening

The chapter explores the recent announcement by the Treasury on its funding plans, including issuing more bills than expected. The hosts discuss the challenges faced by the Treasury, the impact on the yield curve, and the potential consequences of issuing more bonds. They also delve into the concept of bear steepening in the bond market and its implications.

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