Interesting.
Private investors own about 70% of America's debt, the most in about 35 years. And nearly 10% of the Treasury market belongs to hedge funds, who as you may know have plenty of other assets to pick from.
For the likes of Treasury Secretary Scott Bessent and Federal Reserve Chair Kevin Warsh, both of whom have been the subject of doubt on Wall Street when it comes to their independence, the worry is that price-sensitive buyers wielding more power than ever might be less tolerant of the Trump administration's tendency toward chaotic policymaking.
Private investors own about 70% of America's debt, the most in about 35 years. And nearly 10% of the Treasury market belongs to hedge funds, who as you may know have plenty of other assets to pick from.
For the likes of Treasury Secretary Scott Bessent and Federal Reserve Chair Kevin Warsh, both of whom have been the subject of doubt on Wall Street when it comes to their independence, the worry is that price-sensitive buyers wielding more power than ever might be less tolerant of the Trump administration's tendency toward chaotic policymaking.
