Stay informed with free updates
Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox.
Barclays’s annual Equity Gilt Study dropped on Tuesday. Equities and gilts barely get a mention. What Anshul Pradhan and his co-authors really really want to talk about are US Treasury bonds. Specifically, they want to talk about the forthcoming ‘Treasury tsunami’ and what it might mean for . . . well, everything.
To be fair, the Treasury market is the most important capital market in the world. And supply is projected to be pretty huge over the next few decades. In fact, the Congressional Budget Office forecasts that government debt-to-GDP is on an explosively upward path:
But, according to Barclays:
While these projections are alarming, in our view they are actually…
