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Artwork for Rational Dissent
Rational Dissent · August 21 · 31 min

Episode 005. Is Bessent Helping?

The Treasury secretary is hoping to lower yields by increasing buybacks but the effectiveness of such tools has diminished in a high inflation era. Chapters 00:00 - Teaser & Introduction 01:09 - The Treasury's Rough Week 03:13 - Opening the Toolbox: Fed vs. Treasury 08:00 - The TBAC and the Optimal Issuance Mix 11:39 - The Core Issue: Unchecked Inflation 20:43 - Washington's Reluctance to Fix the Deficit 29:12 - Closing Question: Warsh vs. Bessent Learn more about Bianco Research: https://www.biancoresearch.com/ Sign up for a free trial of Bianco Research here: https://www.biancoresearch.com/free-trial/?source=SPOT082126

0:00-31:34
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show notes

The Treasury secretary is hoping to lower yields by increasing buybacks but the effectiveness of such tools has diminished in a high inflation era.


Chapters

00:00 - Teaser & Introduction

01:09 - The Treasury's Rough Week

03:13 - Opening the Toolbox: Fed vs. Treasury

08:00 - The TBAC and the Optimal Issuance Mix

11:39 - The Core Issue: Unchecked Inflation

20:43 - Washington's Reluctance to Fix the Deficit

29:12 - Closing Question: Warsh vs. Bessent


Learn more about Bianco Research: https://www.biancoresearch.com/

Sign up for a free trial of Bianco Research here: https://www.biancoresearch.com/free-trial/?source=SPOT082126

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