The 10 Year Treasury Accord

Ironsides Macroeconomics 'It's Never Different This Time'

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The 10 Year Treasury Accord

The risk of a real rate shock is significantly reduced due to the actions of the Treasury Secretary Bessent and the FOMC reduction in QT

Barry C. Knapp

Mar 24, 2025

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This is an audio summary of our March 22 note, The 10 Year Treasury Accord

*Figure 7: The recent low in the Citi economic surprise index was February 28th, three weeks into March negative surprise has been stable in the marginally negative zone.*

Barry C. Knapp

Managing Partner

Director of Research

Ironsides Macroeconomics LLC

908-821-7584

bcknapp@ironsidesmacro…

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