The Fat Pipe 08/07/26: Deal or No Deal? US Treasuries “Not Fit for Purpose,” and Grab Bag
As the Iran war simmers along, increasingly concerning events are unfolding in the financial world. Can Bessent prevent Japan's illness from spreading to the US? What happens if/when foreign appetite for US Treasury paper dips below a critical threshold? Ah - that's when things really speed up.
The skinny
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