The Treausry’s secretive bond whisperers more crucial than ever

Bloomberg/Liz McCormick/1-29-2019

“Every three months, they come to the nation’s capital to gather at the iconic Hay-Adams hotel, just steps from the White House. Here, 12 men and five women, representing Wall Street’s most influential dealers and debt investors — names like JPMorgan Chase, BlackRock and Citadel — meet with Treasury Department officials behind closed doors with one important purpose: to tell them how to manage America’s finances.”

USAGOLD note:  Zero Hedge this morning reports “the lowest purchase by foreigners in the auction going back to December 2016 . . . ” making domestic buyers, i.e., the group listed above, that much more important.  This Bloomberg article offers some interesting insights for those who would like to better understand the intricacies of the bond market.

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