Source: Seeking Alpha
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Bessent Doubling The Treasury Buyback Program Is Just A Deck Chair Trade
The U.S. Treasury, under Secretary Bessent, unexpectedly doubled its long-maturity buyback program, briefly driving yields lower before they rebounded. I view this buyback expansion as a 'Deck Chair Trade'—inconsequential relative to the $32 trillion Treasury market and ineffective at addressing surging yields.
Source: Seeking Alpha
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