TREE NEWS update: Treasury Secretary Scott Bessent said the expansion of the US Treasury buyback program last month aims to calm ‘frenzied’ sentiment in the bond market and push prices back to equilibrium. He denied the move is equivalent to quantitative easing, likening it more to the Fed’s past ‘Operation Twist.’ The expansion came as 30-year yields hit their highest since 2007.
US Treasury’s Bessent: Buyback expansion to calm bond market ‘mania’
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