Tag: Treasury Bills
Short-term sovereign debt and its role in liquidity, reserves and financial markets.
America’s $7.94 Trillion Cash Pool Turns Rate Cuts Into a Treasury Demand Test
Money market fund assets have reached $7.94 trillion. The real test is how rate cuts change Treasury demand, bank funding, repo liquidity and the…
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Stablecoin Reserves and Treasury Liquidity: Why Digital Dollars Cannot Fix the Bond Market
Stablecoin issuers are becoming major buyers of Treasury bills, but the August 19 bond-market intervention shows why digital-dollar reserves cannot solve every liquidity problem—and…
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