Bessent Doubled Buybacks, Yields Went Higher: A Headache For Warsh At Jackson Hole (SP500)

Bessent Doubled Buybacks, Yields Went Higher: A Headache For Warsh At Jackson Hole (SP500)

Treasury Secretary Bessent now has two open requests that only the Federal Reserve can grant. Read why a variable claim on nominal cash flows looks better.

When Scott Bessent Was Schooled by the Bond Market

“The Treasury Department’s announcement of a bond buyback stemmed a selloff—but not for long.,” the Wall Street Journal reports. Financial Times: Bessent takes on bond vigilantes in $32 trillion Treasury market. Axios: Was the Treasury’s market intervention worth it?

Long-Term Treasury Yields Surge, Wipe Out Effect of Bessent’s Hocus-Pocus Treasury Buybacks in 2 Days. Bond Market Not to Be Played With

If bond buyers lose confidence, they’ll demand even higher yields. Bessent better watch out with his games.

Longer-dated Treasury yields rise as Bessent's bond buyback rally fizzles out

Concerns over the Treasury Department's debt repurchase program continue to weigh on markets.

30 - Year Treasury Yield Hits 5.3%, Highest Since 2007

Treasury: The bond market's influence challenges U.S. fiscal strategies as yields rise, affecting loans and government financing.