The Fed is restrictive, and they left themselves room to cut on the way up, says Greg Faranello Head of US Rates at AmeriVet Securities.

In this Macro Matters edition of the Bloomberg Intelligence FICC Focus podcast, Faranello joins hosts Ira Jersey, BI chief US rates strategist, and Will Hoffman, US rates strategy associate, to discuss the state of the US Treasury market. The trio discusses the recent repricing of Federal Reserve policy expectations, outlooks for quantitative tightening, and the impact of persistent Federal deficits on the secondary Treasury market.

Click the link to listen to the full podcast: https://www.bloomberg.com/news/audio/2024-03-08/treasury-market-updates-with-amerivet-s-faranello-macro-matters