Can Scott Bessent Purchase Treasury Yields Down?

Since 2020,, reversing a long-run decline that began in the late 1980s. In August, it reached the highest yield since 2007. That trend makes it more expensive to fund government projects and may increase borrowing costs for firms as well. To mitigate rising yields, the Treasury that it would expand an existing debt buyback program to increase its cap on purchases of older nominal bonds with 10 to 30 years remaining from $2 billion to $4 billion per operation. An operation occurs roughly once per week.  Read Full Article »