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Bessent's Bond Buybacks: Signaling, Not Substance | Marc Rudajev
This week's guest is Marc Rudajev of Learning, Investing, Thriving. The increased purchases of longer dated Treasury bills is something Marc believes is more of a signaling effect and not much more, and it's likely the bond market has sniffed that out fast as we see yields continue to climb to multi-decade highs. From there I thought it was important to discuss equity risk premiums (ERPs), and why it sits near zero. Marc continued to remind us that hyperscalers issuing debt is still going to compete with Treasuries, and we discuss TIPS and I-Bonds for inflation protection ideas.
We also get…
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