David Zervos

Counselor to the US Secretary of the Treasury —— (The opinions shared here are my own and do not necessarily reflect those of the US Treasury Department)

[David Zervos @DavidZervosDC]

Yesterday on the north lawn…

[Bannon’s WarRoom @Bannons_WarRoom]

DAVID ZERVOS: The Trump administration’s pro-business policies, combined with an enormous amount of investment, are driving what looks like a major productivity boom.

@DavidZervosDC

[David Zervos @DavidZervosDC]

In the @ftopinion article below, @martinwolf_ claims that the average maturity of US Treasury issuance decreased from 6.1 years in 2024 to 2.5 years in 2026. He should check his math. The 2024 figure appears to entirely exclude bill issuance in that year, whereas bill issuance is fully included for 2026.  In effect, he is comparing apples to broccoli.

The truth is that the WAM of all outstanding debt has barely changed between 2024 and today (5.9 vs 5.8 years).  The Treasury regularly publishes a wide range of portfolio metrics in order to provide market participants with an accurate picture of the debt maturity structure. @FT writers should consult these data before publishing claims that mislead its readers.

[FT Opinion @ftopinion]

Is the world really drowning in debt? — Martin Wolf https://t.co/07ipHd4Ure

[David Zervos @DavidZervosDC]

Love the quote the producers used to headline this interview link!!! So true!!!

[Squawk on the Street @SquawkStreet]

"I just think those traditional overheating demand-side discussions are overblown."

David Zervos, newly appointed Counselor to the Treasury Secretary, delivers his outlook for the U.S. economy:
https://t.co/l9cAR3Xtni

[David Zervos @DavidZervosDC]

First interview as @DavidZervosDC — live from “Pebble Beach” on the north lawn of the White House with my longtime friends and family at @cnbc. I wouldn’t want to start this media adventure with anyone else!!! @SaraEisen @carlquintanilla

[David Zervos @DavidZervosDC]

Honored to begin serving as Counselor to @SecScottBessent - There is no better place to start than under Hamilton's watchful eye. Grateful for the trust. Let's get to work. 🇺🇸

[David Zervos @DavidZervosDC]

What a difference!!!

[Bad Hombre @Badhombre]

Treasury Secretary Scott Bessent doesn’t bow to or humiliate himself before his Chinese counterpart like Janet Yellen did.

[David Zervos @DavidZervosDC]

Oil is currently THE high frequency driver of 10yr yields. Don’t let the Fed headlines fool you!!

[Power Lunch @PowerLunch]

“How much does the Fed matter to macro markets right now?” asks @SullyCNBC.

“I just don’t think this matters that much,” says @jefmacrostrat. “The drivers of the macro are really not focused in on the Federal Reserve.”
https://t.co/XnXQvZaVOz

[Squawk on the Street @SquawkStreet]

"It's about as positive a story that you could associate with higher yields as any story possible."

@Jefferies chief market strategist @jefmacrostrat thinks long-term investors should get involved in the bond market at current levels:
https://t.co/7SJWWMmeZ0

[CNBC's Fast Money @CNBCFastMoney]

What was missing from Warsh's speech, according to Jefferies chief market strategist David Zervos.
@Jefferies @jefmacrostrat
https://t.co/8VOwjUjuTr

[Squawk on the Street @SquawkStreet]

Jefferies' David Zervos on Treasury's bond buybacks: "I think it's quite shocking to see how many of my competitors and colleagues are negative on this"
https://t.co/Ta7bbgcDew

[CNBC's Fast Money @CNBCFastMoney]

“There’s a lot of reasons to be optimistic” about easing inflation as oil prices abate, says @jefferies’ David Zervos (@jefmacrostrat). His take on the economy and how the Fed approaches rates from here:
https://t.co/yDI2QUNAQ3

[David Zervos @DavidZervosDC]

It’s funding rates….

[Jon Brooks @jonbrooks]

Everyone keeps saying America has a “housing shortage.”

It doesn’t.

Divide total homes by population and you get this:

We’ve never had more housing per person than we do right now.

The problem isn’t supply.
It’s prices.

[David Zervos @DavidZervosDC]

One of the best X posts so far in 2026!!

[Dividendology @dividendology]

This is funny.

What if you invested in the S&P 500 every time CNBC had a "Markets in Turmoil" special?

Well... your average return after one year would be 40%, with a 100% success rate.

[CNBC's Fast Money @CNBCFastMoney]

"What I have a little worry about is labor..."

@Jefferies Chief Market Strategist David Zervos (@jefmacrostrat) says he hopes the Fed takes notice of main street's worries about AI taking jobs

He shares his full thoughts on Monday's rally and the state of the economy https://t.co/rGtlQS7LXX

[CNBCOvertime @CNBCOvertime]

Story around Trump firing Powell threat was 'lack of market reaction', says @Jefferies’ David Zervos @jefmacrostrat https://t.co/apYxCeHAVo

[CNBC's Fast Money @CNBCFastMoney]

"What we're seeing today is that the market is really not overly committed to risk globally," @jefmacrostrat of @Jefferies says on the escalating attacks between Israel and Iran and the risks they pose to the market.

https://t.co/8BY1Q7Hv4q

[Tony Tassell @TonyTassell]

Investing naysayers have let gloom override judgment under Donald Trump - FT column by @jefmacrostrat chief market strategist at Jefferies https://t.co/eOrPX86ATy

[Money Movers @moneymoverscnbc]

"I think we're going into a period where we're going to get more cooperative trading arrangements that are better balanced for everybody."

@Jefferies Chief Market Strategist @jefmacrostrat discusses the U.S. and China reaching a 90-day tariff pause:
https://t.co/AbR3z8Qf8l

[CNBC's Fast Money @CNBCFastMoney]

"There's a silver lining under all of this... we have a real chance of getting a more cooperative, fair, equal trading outcome," says @jefmacrostrat of @jefferies on Trump's tariffs. Back on March 4th, he called the tariff discussion "minutia".

https://t.co/wijuuq6l1E