Treasury

“Treasury currently expects privately held net borrowing of 1.007 trillion dollars in this quarter with an assumed end of September cash balance of six 50. And then they said, we expect another eight hundred and fifty two billion dollars of borrowing next quart…”

“Previous to my getting here treasury had disrupted the ecosystem so much that the Iranians used to hand them cash. Now they're just handing them here, take, take this oil tanker and try to sell it.”

“That I would say, 40, 50% of my day Treasury does a lot of national security work.”

“Yeah, look, I thought that it, that when rates were low, you're supposed to turn out rates. Exactly. And instead, the Treasury for the past few years has pulled rates in, and I think part of that was to keep rates lower, that they changed the issuance schedule…”

“June was the first positive June for the Treasury since 2015. We actually had a surplus.”