On Friday, November 15, Torsten Slok joined Markus’ Academy for a conversation on Long-term Interest Rates, Fiscal Policy and the Term Premium. Torsten Slok is a Partner and the Chief Economist at Apollo.
Watch the full presentation below. You can watch all Markus’ Academy webinars on the Princeton BCF YouTube channel.
Timestamps:
[6:38] Overview
[15:02] The fundamentals of the U.S. budget
[24:49] The maturity structure of U.S. debt
[42:58] The ownership structure of U.S. debt
[52:59] No signs of weakness in Treasury auctions
[1:01:42] The term premium, the reserve currency status, and the Fed