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Total Outlays and Revenues as a Percentage of Cbo  Form

Total Outlays and Revenues as a Percentage of Cbo Form

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[Music] [Music] hi everyone my name is Ryan Kimmel from double Lions macro asset allocation team want to spend a couple minutes walking you through the federal debt Dynamic which is obviously top of mind for investors last week we saw Moody downgrade the outlook on the US credit rating to Outlook negative and that was on the backdrop of a deteriorating fiscal trajectory as well as continued political polarization and that was following actions from fit which over the summer they downgraded Us credit rating to doublea from Triple A we're also seeing a bit of Market indigestion as the market struggles to absorb the surge in treasury issuance which is creating quite a bit of term premium to be embedded in the long end of the yield curve curve we're also seeing weak demand for the long end which is indicated through weak treasury auctions on the 30 year which we saw last week at the 40th annual grants conference double L's Chief investment officer and CEO Jeffrey gu

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