AIFortune38 minutes ago
Bessent doubles bond buybacks to $4 billion
1 min read
Treasury Secretary Scott Bessent will at least double long-dated bond buybacks to $4 billion per operation starting September 9. ING's Chris Turner called the move "rearranging deckchairs on the Titanic" given the $40 trillion U.S. national debt. The 30-year Treasury yield fell from over 5.3% to 5.218%.
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