US Treasury Double Bond Buybacks to $4B as Scott Bessent Shakes Global Markets
Scott Bessent’s U.S. Treasury sent shockwaves through global financial centers Wednesday by doubling the scale of US Treasury bond buybacks to combat a deepening rout in sovereign debt. This surprise intervention increases liquidity-support operations from $2 billion to at least $4 billion per session for 10- to 30-year securities. The policy shift triggered an immediate … Read more