Treasury Secretary Scott Bessent earlier today announced a new buyback program for longer-dated Treasury securities that arrives at a moment when the U.S. bond market is under extraordinary stress, with 30-year yields having surged to 5.33% — levels not seen since 2007 — and the benchmark 10-year yield (TOQ26) pressing above 4.72%.
The buyback plan represents Bessent's most direct intervention yet into a market that has been deteriorating for weeks despite economic data that would normally support lower yields, including cooling retail sales, unexpected job losses in July, and moderating core inflation near 2.5%.
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#market #secretary #scott #bessent
The buyback plan represents Bessent's most direct intervention yet into a market that has been deteriorating for weeks despite economic data that would normally support lower yields, including cooling retail sales, unexpected job losses in July, and moderating core inflation near 2.5%.
Barron Trump, 20, Now Worth $150 Million — More Than Mom, Melania — From Crypto And $39 Energy Drink
Billionaire Michael Saylor Warns Against Buying a House Because 'Every 36 Years You Actually Pay the Cost of the House in Tax to the Government'
QQQ Just 'Gamma Flipped' as Market Makers Were Forced to Sell. Here's What Our Top Chart Expert is Tracking Next.
#market #secretary #scott #bessent
2 days ago
