The U.S. Treasury is set to double the size of its buyback operations for long-dated bonds to at least $4 billion per operation, up from a $2 billion ceiling.
The US Treasury Secretary intervenes more strongly than many predecessors in the markets. Experts speak of "pocket player tricks" and see an invitation for speculators.
The US Treasury Department announced on Wednesday that it would buy back up to $6 billion in government bonds to maintain market liquidity. The move fell short of expectations and sparked a negative market reaction, sending long-term yields higher, CNBC reported.
An analyst describes how US finance minister Scott Bessent is failing in the bond market and would have to know better. The post Bessent fails in the bond market – brilliant analyst comment appeared first on finanzmarktwelt.de.