the recession has already been here
Posted on: April 2, 2025 at 16:31:46 CT
FootballRefugee
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but the coming reduction in equities is going to help with the rate cuts at the front end of the curve
while the impoundment is going to help the bid-to-cover (get rid of the tails) and cut demand in term Treasurys auctions
and so the refinancing of the debt (unavoidable because of the term of the instruments) will not hurt as much
good talk, Russ