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Podcast: FICC Focus
Episode: Sue Hill on T-Bill Scarcity and Central Clearing: Macro Matters
Description: âIâm just waiting for the T-bill tsunami to come, and it canât come soon enough,â says Sue Hill, senior portfolio manager and head of the Government Liquidity Group at Federated Hermes. Hill joins Macro Matters hosts Ira Jersey, Bloomberg Intelligence chief US rates strategist, and Will Hoffman, BIâs senior associate US-Canada rates strategist, to discuss the state of the money-market complex amid debt-ceiling-induced supply scarcity. The trio examine the limits and nuances of alternative liquidity-management wrappers, where individual needs and mandates dominate asset compositions. They discuss the debt ceiling, and how her team manages allocation decisions around low but...