Herman Jin
@ShanghaoJin
Ex-Goldman Asia FICC. I think in public so my friends don't have to read my texts — your account, your problem.
가입 April 2017
690 팔로잉 중 91.8K 팬
Buyback is a liquidity op, not a duration mgt
It buys off the runs to cap the pace of the long end move, NOT to control level
6bn is merely 10% of the 250m/bp of new LT issuance this Q. Term premium will keep pricing supply
Only FED, not Treasury, can manage duration
더 보기
BREAKING: 10-year Treasury yield jumps to highest since 2023 despite Bessent’s $6 billion bond buyback plan
