Treasury Bond Buybacks Fail to Stabilize Market Amid Political Intervention
The US Treasury's efforts to intervene in the bond market through buybacks have not succeeded in calming the market, with analysts questioning further steps. The Treasury Secretary's actions, while potentially pleasing President Trump, are not earning favor with bond vigilantes.
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Treasury Buybacks Fail to Calm Bond Market
The Treasury’s surprise decision to at least double buybacks of longer-dated US debt briefly pushed yields lower, but much of that move quickly reversed as investors questioned whether the intervention can overcome inflation and fiscal concerns. PIMCO Executive VP, Market Strategist and Generalist Portfolio Manger Tony Crescenzi and Host of Bloomberg Money Tom Keene join Bloomberg This Weekend to discuss how markets are now looking to Fed Chair Kevin Warsh’s Jackson Hole speech for clues on r...
Read full article →The Treasury’s bond-market intervention isn’t working. So what comes next?
You can’t just sweep $40 trillion in U.S. national debt under a rug and forget about it — or so the bond market appears to be telling Treasury Secretary Scott Bessent.
By Joy Wiltermuth
Read full article →The Treasury's bond-market intervention isn't working. So what comes next? - Morningstar
The Treasury's bond-market intervention isn't working. So what comes next? Morningstar
Read full article →Scott Bessent and the bond market: a pointless intervention
The Treasury Secretary might win points with his boss, President Trump,but he will earn no points from the bond vigilantes.
By Steve H. Hanke, John Greenwood
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