Tag Archives: Financial Times

The Invisible Run-Off

Today, the Alphaville section of the Financial Times published The invisible run-off, in which I discuss a new source of “quantitative tightening” that almost no one seems to have noticed.  I estimate that $350 billion of private funds will be … Continue reading

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My FT Alphaville Commentary on Managing U.S. Treasury Debt

My commentary Go Long, Mr Mnuchin has just been posted at FT Alphaville of the Financial Times. I address whether the U.S. Treasury debt should be lengthened and whether it should sell 50-year or 100-year bonds.  I think that “ultra-long” bonds are … Continue reading

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