Urgent.News

One page, thousands of outlets. See who else covered it.

Editions

Finance & Markets

Bessent Doubles Yellen’s Hocus-Pocus Treasury Buybacks, Swapping Old Cheap Debt at a Discount for New Expensive Debt

Hocus pocus works with the bond market only briefly. His last hocus-pocus, the big kahuna US-Japan joint intervention, fizzled in days and bond yields marched higher.

We haven't written up this one. Wolf Street has the full story — the link below goes straight to it.

Read the original at wolfstreet.com →

More in Finance & Markets

More from Wednesday 19 August →