Crescat Capital’s Tavi Costa says two recent efforts to stabilize the U.S. Treasury market have failed, underscoring lingering stress in a core global asset. He

Crescat Capital’s Tavi Costa says two recent efforts to stabilize the U.S. Treasury market have failed, underscoring lingering stress in a core global asset. He argues this is an emerging-market-style moment for the U.S. and favors hard assets such as gold and silver.