BREAKING: The US Treasury is considering using its $950 billion General Account to help fund its increased purchases of long-term government bonds, per CNBC.
Once again, the era of bond market intervention officially began on August 19th.
This is a top priority for the Trump Administration.
BREAKING: US Treasury Secretary Bessent says Treasury buybacks announced yesterday could now MORE than double, exceeding $4 billion per operation.
Bessent said buybacks will increase “by at least double,” adding, “we have a big toolkit, so we’ll see.”
This comes just hours after the US 30Y Treasury Yield erased all of its decline following Wednesday’s announcement.
As predicted in post #8 of our analysis below, buybacks and broader intervention are likely to be much larger than markets expect.
This is a band-aid on a gushing wound.
JUST IN: Americans are increasingly using “Buy Now, Pay Later” loans to cover basic expenses like rent, electricity, health insurance, & water bills. — NYT