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Treasury Secretary Scott Bessent has hired veteran Wall Street economist David Zervos, the longtime chief market strategist at Jefferies, as a counselor in the Treasury Department. »
The size of the repo market has ballooned to over $13.5 trillion in outstanding agreements daily, according to the government’s Office of Financial Research »
I have been warning about the fragility of the US debt market for years, and I am now more alarmed than ever. The 10-year Treasury »