Quoth the Raven
· QTR’s Fringe Finance
· May 20, 2026 at 16:15
· ⏱ 1 min read
| Read on Substack ↗
Summary
The article argues that a Treasury market crisis, while low-probability, is a risk worth considering due to rising deficits, climbing interest costs, and waning foreign demand for U.S. government debt. It explores which assets might hold up in such a scenario but does not provide specific trade ideas or recommendations.
•Author notes foreign Treasury selling has increased as yields already rise, signaling concern.
•Traditional safe-haven status of Treasuries is questioned because of surging deficits and climbing interest costs.
•A true Treasury crisis is considered a low-probability event because the global financial system depends on U.S. debt stability.
•The author is exploring which assets might be structurally better positioned in a worst-case bond market environment but does not name any specific securities.