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Thursday, 3 September 2026

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Druckenmiller Has a Warning: Don’t Mess With Markets

Famed investor Stanley Druckenmiller published a Wall Street Journal opinion piece (Let The Bond Market Speak) on Monday, in which he warns Treasury Secretary Bessent about long-dated bond buybacks. His core thesis seem…

TGA Could Turn a Small Buyback Into a Market Mover

The Treasury General Account (TGA) is Treasury’s cash balance held at the Federal Reserve. Its balance is the net of cash inflows like tax receipts and outflows to pay the government’s bills. On Monday, we learned that …