Joseph Wang
@josephwang
The Second Edition of Central Banking 101 is available now!
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Joined July 2012
613 Following 211.8K Followers
Bessent describes his buybacks as a "Treasury Twist" suggesting that it is changing the duration of Treasuries outstanding. The prior Admin swore up and down the buyback program would not be a tool to adjust duration, but many of us knew better :)
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