Treasury Buybacks May Complicate Fed Policy Work

Bessent Doubling The Treasury Buyback Program Is Just A Deck Chair Trade

Treasury doubled long-maturity buybacks, briefly moving yields. Read the full analysis here.

Treasury complicates Fed's work

Federal Reserve Chairman Kevin Warsh promised the U.S. central bank will deliver price stability, but Treasury Secretary Scott Bessent's decision to double buybacks of longer-dated U.S. debt may complicate Fed efforts.

Treasury buybacks may complicate Fed work

Federal Reserve Chairman Kevin Warsh promised the U.S. central bank will deliver price stability, but Treasury Secretary Scott Bessent's decision to double buybacks of longer-dated U.S. debt may complicate Fed efforts.

Treasury buybacks may complicate Fed policy work

Federal Reserve Chairman Kevin Warsh promised the U.S. central bank will deliver price stability, but Treasury Secretary Scott Bessent's decision to double buybacks of longer-dated U.S. debt may complicate Fed efforts.

Rising Treasury Yields Pressure the Fed: What Yield Control Means for Bitcoin

US 10-year Treasury yields climbed to 4.74% as long-term borrowing pressures increased.  Treasury doubled long-bond buybacks, but the program is neither QE nor yield control.  Lower real yields and stronger dollar liquidity could support Bitcoin and gold prices. US Treasury yields rose again on Friday, increasing pressure on federal finances and global markets. The move has revived discussion about whether the Federal Reserve may eventually cons…