Unwinding The Yellen Pivot

Macro Guy Channels Druckenmiller

Unwinding The Yellen Pivot

Bloomberg’s Macro Guy Channels Druckenmiller

Authored by Simon White, Bloomberg macro strategist, retitled via ZH

Net T-bill issuance is likely to fall further when Treasury Secretary nominee Scott Bessent takes office.

But that means a greater onus on liquidity-draining bonds to fund the deficit, leaving stocks at increasing ris…