FX/Bonds
US Treasury Secretary Bessent says buybacks goal is to get rid of a "bad outcome"; buying back illiquid, long-dated bonds. Can try to get prices back to equilibrium
StockNow breaking-news AI analysis
Bessent defended Treasury buybacks of illiquid bonds to balance markets and support bank auction capacity, while critics and investors cited structural deficits and persistent yield pressures.
News detail
Buybacks free up balance sheets and make room for banks to buy more at auctions. "I know what the Japanese are planning on doing".
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