A red-hot question in our iffy times.
Dollar drops to lowest share in 26 years. Slowly but surely?
The question is particularly hot because Treasuries are now ugly instruments with the worst punishment yields ever.
Bring them on. Financial Repression has a huge cost.
And now the TGA is spiking again.
“Debt Ceiling Farce 2021”: S&P threatens to downgrade the US by 20 notches to “D” if it defaults, which would be a hoot.
At the current rate of outflows, the out-of-money date is in mid-October. “Extraordinary measures” might extend it into November.
A burning question in these crazy times.
OK, that was suddenly very fast.
Nothing Goes to Heck in a Straight line, not even the dollar’s hegemony.