About this episode
US Treasuries are the most important market in the world. With some $29 trillion outstanding, they create the benchmark that informs basically every other type of borrowing. Any changes to how the bond market works would be a massive deal. But lately, there's been a lot of chatter about how the Trump administration could radically restructure and refinance the US debt under the so-called "Mar-a-Lago Accord." In this episode, we speak with University of Virginia law professor Mitu Gulati about how far the administration could go to legally reform this huge and important market. We also talk about how to buy Greenland and whether Trump could make a few billion by collecting on some old loans from allies.
Read more:
One Way for Trump to Find a Few Extra Trillion Dollars
The Stories We Tell Ourselves About Bonds
Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots
See omnystudio.com/listener for privacy information.
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Odd Lots
Why Laser Beams Are the Hottest New Tech in Defense
Odd Lots
What's Behind the Big Surge in US Government Bond Yields
Odd Lots
Adam Posen Thinks Things Could Get Very 'Messy' for the Fed
Odd Lots
Richmond Fed’s Tom Barkin on the Surprisingly Resilient Real Economy
Odd Lots