US Treasury bond buyback program may exceed $4bn, analyst says
Ramzi Abu Abdullah of Fyston Financial Consultancy expects the US Treasury bond buyback program to surpass $4bn amid inflation and debt uncertainty.
Ramzi Abu Abdullah, a market analyst at Fyston Financial Consultancy, anticipates the US Treasury bond buyback program to surpass the $4 billion mark. The analyst attributes this projection to inflation, debt, and energy price uncertainties plaguing the United States. Speaking to Al Ekhbariya channel, Abu Abdullah noted that markets currently do not anticipate an interest rate hike by the Federal Reserve.
This absence of a rate hike, according to the analyst, will result in a persistent widening of the yield gap on Treasury bonds. Abu Abdullah emphasized that key sources of uncertainty in the US market, such as inflation, debt, and energy prices, will be reflected in Treasury bond yields. He further pointed out that as long as markets do not anticipate a Federal Reserve rate hike, the yield gap on Treasury bonds will likely continue to expand.
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