{
  "id": 1992228,
  "title": "Bessent Doubles Yellen’s Hocus-Pocus Treasury Buybacks, Swapping Old Cheap Debt at a Discount for New Expensive Debt",
  "url": "https://urgent.news/2026/08/19/bessent-doubles-yellens-hocus-pocus-treasury-buybacks-swapping-old",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T18:23:54.000Z",
  "source": {
    "name": "Wolf Street",
    "slug": "wolf-street",
    "url": "https://wolfstreet.com/2026/08/19/bessent-doubles-yellens-hocus-pocus-treasury-buybacks-swapping-old-cheap-debt-at-a-discount-for-new-expensive-debt/"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}