TechFortuneabout 3 hours ago
Bessent's Treasury buyback plan faces bond market headwinds
5 min read
Treasury Secretary Scott Bessent doubled Treasury buybacks to at least $4 billion, a new Operation Twist. The intervention will likely fail because broad money growth is nearly double-digit in 2026. Previous attempts in 1961, 2011, and Japan's YCC show such policies need supportive monetary policy.
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