18min chapter

At Any Rate cover image

US Rates Strategy: 2025 US Rates Outlook

At Any Rate

CHAPTER

Fiscal Policy and Treasury Strategies for 2025

This chapter analyzes upcoming fiscal policy changes in 2025, including the impacts of the TCJA expiration and anticipated treasury market responses. It explores strategic investment positioning, particularly in short-term rates, against the backdrop of potential widening budget deficits and increased U.S. debt issuance. Additionally, the discussion highlights liquidity access in financial markets and necessary reforms to prevent past market stresses as quantitative tightening evolves.

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