Demystifying the Treasury Market
a deep dive on the most systemically important market globally
Ever since the rise of the U.S. empire, the Treasury market has grown to become its monetary backbone. America’s sovereign debt has not only been used to price trillions of dollars in financial assets but store trillions of dollars in wealth. What’s more, with the recent rise of the secured standard, Treasuries are slowly backing most of the elaborate chains powering global finance. Still, despite its dominance, the U.S. Treasury market has remained relatively obscure. Barely any elements of its plumbing have been willingly disclosed in detail.
That is, however, until now. In this comprehensive deep dive, we’ll demystify the inner workings of the U.S. Treasury market, both past and present, unveiling the history, mechanics, and monetary plumbing of the most systemically important market globally. Let’s dive in.