In this episode, Nik Bhatia is joined by Demian Schatt to examine why the US Treasury market is fundamentally strengthening despite recent volatility. Nik explains key concepts including SLR reform, Treasury buybacks of off-the-run securities, and current repo market dynamics that are supporting market stability. The conversation also explores how deregulation and fiscal discipline will be crucial for long-term Treasury strength and economic growth.
Matt Pines Episode: https://www.youtube.com/watch?v=eTotxDkCvyY
📚 Bitcoin Age is here, order yours today: https://a.co/d/5gau08H
📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm.
▶️ Subscribe and turn on notifications for TBL on YouTube.
📚 Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe
🎧 Subscribe to The Bitcoin Layer on your favorite podcast platform.
📱 Follow TBL on X: https://twitter.com/TheBitcoinLayer
📩 Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial
🧢 Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch
⛓️ ₿lock Height 892754
⚡ Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg
Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc
Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball
Researcher Demian Schatt's Twitter: https://x.com/demianschatt
Chapters:
00:00:00 Market Insights with Nik Bhatia
00:05:57 Current Issues in the Treasury Market
00:11:34 Understanding the Role of Treasuries in Banking Liquidity
00:17:08 Understanding Treasury Securities: On-the-Run vs. Off-the-Run
00:23:13 Understanding Bond Liquidity in the Repo Market
00:28:30 Understanding Budget Neutrality and Debt Neutrality
00:33:44 Understanding Repo Markets and Interest Rates
00:38:58 Budget Deficit Reduction Goals
00:44:42 Impact of Oil Prices on the Economy
The Bitcoin Layer and its guests do not provide investment advice.