Treasury has claimed it didn't want to issue anything beyond 10-years because that tied their hands. Now the market's thinking that if a 20-year is suddenly OK, then why not bring back the 30-year
More Quotes from Drew Matus:
We continue to expect the Fed to raise rates three more times, raising the fed funds rate to 4.50 percent by the end of January.Drew Matus
It's the inflation story, it's there and it's got implications going forward.
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People are breathing a sigh of relief and bought a few bonds and stocks. Everyone plays, everyone wins.
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Don Kohn is the closest thing to a Greenspan clone that modern science has produced.
Drew Matus
Nobody's going to default in the U.S. Treasury market. The biggest concern I have is that not everybody understands that, and some people understand it better than others.
Drew Matus
Once a person is appointed, they are basically independent. If you're president, you want someone who would temper their criticism of you.
Drew Matus
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