Hypothetical full debt refinance flattens curve
A hypothetical scenario was presented where refinancing all long-term U.S. debt into short-term paper would act as a powerful curve flattener, raising short rates and lowering long rates.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.