Thoughtful Money with Adam Taggart · Thursday, August 27, 2026
Michael Every argues that the US Treasury's move to shift debt issuance to the short end of the curve is a form of yield curve control, albeit not explicitly stated. He believes this action signals a determination to prevent financial market constraints from dictating military actions, particularly concerning Iran.
“But if you're going to be moving issuance down the curve and effectively in brackets doing yield curve control to an extent without doing it openly. But making it very clear that the pattern is to control the curve one way or another.”
“Then you are effectively saying, we are not going to allow the financial market constraints of the Treasury market to tell us what we do, what don't do militarily against Iran.”