## T. Rowe Price’s Blue Macellari: Bitcoin is Now Core to the Debasement Conversation T. Rowe Price’s Blue Macellari shares her insider perspective on the current state of the Treasury market. Blue Macellari spent 20 years investing in emerging market sovereign and distressed debt before building T. Rowe Price’s digital assets business — which makes her read on the Treasury market unusually worth hearing. She discusses the return of the bond vigilantes, the shift from foreign to domestic financing of US debt, and why the Japan and Italy comparisons don’t map cleanly onto America’s buyer base.…