US Long-Dated Bonds Harder to Sell: Not Just Inflation

TREE NEWS reports: The 30-year Treasury yield hit a 2007 high, prompting Treasury Secretary Bessent to expand long-dated bond buybacks. This move, dubbed ‘Operation Twist’ by analysts, aims to manage long-end supply amid rising deficits, AI-driven debt issuance, and shifting demand from Japan. The real concern is whether fiscal policy is increasingly managing long-term financial conditions.