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Can Bessent's Bond Buyback Work?
Youtube· 2026-08-21 05:18
Given that the drop in yields was fairly fleeting. We've seen them come right back. The round trip.Do we presume that this increase buyback announcement is the start of something more, that this could be like a new regime. Well, if it's not the start of something more, then we're simply going to see longer dated yields drift higher. Now there's a conversation to be had about whether or not the size of 20 and 30 year auctions are too large in this environment.Not necessarily our call, but I wouldn't be surpr ...