𝐓𝐗𝐌𝐂|11月 10, 2026 17:06
Treasury doesn't need to announce yield curve control to influence long term yields. It can change how much duration the market is asked to absorb.
Bill-heavy financing, expanding long end buybacks, and potential changes to coupon issuance are starting to look like parts of a broader strategy.
The next stage of the fiat debt spiral is taking shape.
New article: https://alphabetasoup.substack.com/p/the-new-duration-regime
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