YUP, BESSENT!
The U.S. Treasury is doubling long-end bond buybacks as it moves to shore up liquidity in one of the most pressured parts of the market.
Starting Sept. 9 buybacks for 10–20Y and 20–30Y Treasuries will rise from $2B to at least $4B per operation.
Now that is how you manipulate & move markets!
USD/JPY FALLS 0.55% 10 158.16
USD dumps, Equities & Gold pump
Oil & Yields soften.
Bessent intervention?
Or higher yields attracting deployment of CASH?