The Kobeissi Letter
@KobeissiLetter
Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: support@thekobeissiletter.com
Joined June 2015
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The US Treasury Has Now:
1. Announced that Treasury buybacks would double from $2 billion to $4 billion
2. Announced that Treasury buybacks could "more than double"
3. Considered using its $950 billion General Account for these purchases
Meanwhile, the 10Y Note Yield is still ABOVE levels seen prior to their initial announcement on August 19th.
This is going to be a long battle.
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