Our nincompoop Secy of the Treasury believes currently soaring long-term bond yields are probably nothing to worry about. So he’s buying back long-term US Treasury debt (UST) hand-over-fist—- “The U.S. Department of the Treasury is increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (the 10-year to […]
Scott Bessent: The Very Dumbest Treasury Secretary Yet
