Bessent doubled Treasury's long-bond buybacks to $4B per operation, dropping the 30-year yield 10 basis points and sending silver surging 6%.
Silver outpaced gold because industrial demand from solar panels and green tech gives it higher sensitivity when yields fall and risk-on conditions emerge.
The buybacks are a rounding error against a $28T Treasury market, and the metals rally is a narrative response to fiscal concern rather than monetary easing.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The bond market has been sending distress signals for months. With public debt surpassing $40 trillion and the 30-year Treasury yield touching levels last seen in 2007, Washington has had a buyer's strike problem on its hands. Long-dated debt kept cheapening as investors demanded more compensation for holding it, and that selloff was starting to ripple into everything from mortgage rates to gold.
#bond #buybacks #yield
Silver outpaced gold because industrial demand from solar panels and green tech gives it higher sensitivity when yields fall and risk-on conditions emerge.
The buybacks are a rounding error against a $28T Treasury market, and the metals rally is a narrative response to fiscal concern rather than monetary easing.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The bond market has been sending distress signals for months. With public debt surpassing $40 trillion and the 30-year Treasury yield touching levels last seen in 2007, Washington has had a buyer's strike problem on its hands. Long-dated debt kept cheapening as investors demanded more compensation for holding it, and that selloff was starting to ripple into everything from mortgage rates to gold.
#bond #buybacks #yield
2 months ago
