Treasury Buyback Gives Gold Another Lease of Life, UBS Says
UBS Chief Strategist Bhanu Baweja discusses Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt and its impact on wider markets including currencies and gold. "The fact that they want to keep long-end yields in check probably gives another lease of life to the gold trade," Baweja tells Bloomberg Television. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
