Modern Macro Technologies
12 August 2026 1 research note Daily Treasury Statement releases 16:00 ET DTS 16:00 ET

The economy runs on flows.
We track them.

Modern Macro Technologies turns fiscal flows, Treasury operations, and balance-sheet mechanics into research and tools investors can act on — from the AppliedMMT newsletter to institutional-grade data.

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The plumbing · mapped DTS · Aug 10 2026
U.S. TREASURY TGA at the Fed PRIMARY DEALERS absorb the auction REAL ECONOMY households & firms New issuance Auction settlement Outlays Tax receipts Every leg settles in bank reserves at the Fed
4-wk net issuance
$438bn
Withheld 12m · Jul
+4.4%
TGA balance
$967bn

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Three kinds of work, one framework

Market updates

Same-day reads on Treasury statements, tax receipts, refunding, and what the flows imply for positioning. Two to three times a week.

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Deep dives & models

Full research pieces with the models behind them — position-level detail, scenario work, and the spreadsheets we actually use.

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Dashboards & tools

Live views of the plumbing: Treasury flows, tax receipts, margin debt, and the DeepMinsky market simulation.

Professional · API & exports for Institutional

“We trade the plumbing, not the politics.”

Flows before surveys

Fiscal flows and Treasury operations print daily and lead the cycle. We read them before the soft data catches up.

Balance-sheet mechanics

Who is issuing, who has to absorb it, and what that does to reserves, rates, and risk appetite. Operations, not opinions.

No politics

Our framework is descriptive, not ideological. We don’t care what the deficit should be — only what it is, and where it lands.

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