Debt securities issued by the US federal government, used as benchmark risk-free instruments.treasurydirect.gov ↗
1 take · first discussed Oct 25, 2024
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
The sole host view on US Treasuries comes from Sacks, who holds a high-conviction bearish stance as of late October 2024. He argues that a 4.2% 10-year yield is insufficient compensation given persistent inflation risks, a potential debt crisis, and rising debt service costs, and he points to Stanley Druckenmiller's reported 20% short position as external validation of that view. No other hosts offered a thesis, so there is no disagreement or consensus to note beyond Sacks' position alone.
Sacks argues US Treasuries are a bad investment given looming inflation, rising debt service costs, and the Fed's potentially premature rate cuts, citing Druckenmiller's 20% short as confirmation.
the easy one to avoid is treasuries, right? I mean, do you really want to accept a 4.2% yield for 10 years to own a US bond? And with the looming inflation that is still out there, or the looming debt crisis that might be out there.”39:51