Zach Houston-Read, CFA
Associate Research Analyst
Get to Know Zach
Despite the U.S. economy’s impressive growth in recent decades, the federal government currently faces elevated borrowing costs to fund its persistent budget deficits. While current bid-to-cover ratios remain robust in absolute terms, a declining trend in shorter maturities could represent one early warning sign that the traditional investor base demand is waning.
This newsletter examines the Treasury’s challenge of balancing funding costs with market demand and potential fiscal and monetary policy implications.
Read > Treasury Market Creates a Balancing Act
The opinions expressed herein are those of Marquette Associates, Inc. (“Marquette”), and are subject to change without notice. This material is not financial advice or an offer to purchase or sell any product. Marquette reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs.
12.01.2025
A fundamental characteristic of U.S. labor markets is the pronounced asymmetry in unemployment dynamics, as joblessness rises anywhere from three…
11.24.2025
With gold now trading near $4,000 per ounce after a steady multi-year climb, investor attention has turned to the potential…
11.17.2025
After a largely synchronized hiking cycle beginning in 2022, there has been a slight divergence in interest rate policies across…
11.10.2025
Over the weekend, the Senate overcame a key procedural obstacle in its attempt to end the record-breaking government shutdown, as…
11.03.2025
Small-cap equities are in a prolonged period of underperformance relative to large-cap stocks, but this trend has shown early signs…
10.27.2025
To paraphrase a quote from former President George W. Bush: “Fool me once, shame on… shame on you. Fool me…
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