Chief economist, Oxford Economics
Appears in 1 story
Publicly skeptical of the buyback strategy
Treasury Secretary Scott Bessent's $6 billion bond buyback failed to cool the market again Thursday. The 10-year Treasury yield eased to 4.69%, barely below Wednesday's spike to 4.85%, and a $39 billion auction of 10-year notes cleared at 4.834%, the highest since 2007.
Updated 2 days ago
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