Treasury Buybacks Fail to Calm Bond Market
The Treasury’s surprise decision to at least double buybacks of longer-dated US debt briefly pushed yields lower, but much of that move quickly reversed as investors questioned whether the intervention can overcome inflation and fiscal concerns. PIMCO Executive VP, Market Strategist and Generalist Portfolio Manger Tony Crescenzi and Host of Bloomberg Money Tom Keene join Bloomberg This Weekend to…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
