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The Middleman Being Forced Into The Treasury Market

New rules will route Treasury trades through a clearinghouse. Here is what that middleman does with your risk.

The Middleman Being Forced Into The Treasury Market
The Blueprint

Jul 14, 2025

The Insurance Policy You Can Buy On Debt You Do Not Own

A credit default swap pays out if a borrower defaults. It can hedge risk, or multiply it.

The Insurance Policy You Can Buy On Debt You Do Not Own
The Blueprint

Jul 7, 2025

The 90-Day IOU That Funds Big Companies Every Day

Commercial paper is a $1.3 trillion market where blue-chip firms borrow for weeks at a time.

The 90-Day IOU That Funds Big Companies Every Day
The Blueprint

Jun 30, 2025

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