Bessent’s ‘Fever’-Cooling Debt Buybacks Put Wall St. on Edge
Covered by 4 sources
- Brisbane Times·1h agoTrump’s ‘top bond salesman’ is getting a reality check
US Treasury Secretary Scott Bessent has a strategy for capping US bond yields. It’s not working.
Read at Brisbane Times → - Bloomberg Opinion·10h agoBond Traders Shrug Off Bessent’s Buyback Gimmick
Well, that didn’t go as planned. When the Treasury Department announced three weeks ago that it would increase buybacks of longer-term US government bonds “by at least double,” it described the plan as a form of “liquidity support.”
Read at Bloomberg Opinion → - Bloomberg Markets·1d agoBessent’s ‘Fever’-Cooling Debt Buybacks Put Wall St. on Edge
Treasury Secretary Scott Bessent is set to reveal how far he’s initially willing to go restrain US bond yields via an expanded buyback program that has Wall Street dealers on edge.
Read at Bloomberg Markets → - Bloomberg Economics·1d agoBessent Says Buyback Move Aimed at Quelling Market ‘Fever’
Treasury Secretary Scott Bessent said his move last month to expand a buyback program for older US government securities was aimed at quelling a “fever” in the bond market.
Read at Bloomberg Economics →