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How to compare USD Agency and SSA debt with Treasuries: issuer support, embedded options, spread measures, funding and a worked downside scenario.

Following the March 2023 banking shock from a bond portfolio to a deposit run, then back into the Treasury curve. Notes from a student trying to connect the pieces.

A short mathematical note on compound growth, doubling time, and what logarithms reveal about the long run.

Two episodes that get bundled together, two very different Treasury charts. Trying to understand what the Fed changed and what investors expected next.

On September 17, 2019, SOFR reached 5.25%. Following the cash, the collateral, and the surprisingly important tax calendar.

Real yields accounted for most of the late-2024 rise in the 10-year Treasury yield. A sourced decomposition, with limits on what breakevens reveal.

Why investors sold government bonds during a crisis, and what that taught me about the difference between a safe asset and cash available right now.

A worked carry-and-roll framework, a 2024 repo monitor, and the bill-yield conventions that can distort a relative-value comparison.

A 2024 case study in bull and bear steepening, with a DV01-matched cash Treasury trade and explicit scenario analysis.

A flight to safety, a sharp reversal, and several competing explanations. Learning to tell swap-spread trades, basis trades and currency hedges apart.