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Treasury Secretary Scott Bessent said the agency's long-dated Treasury bond buybacks are intended to improve liquidity on the long-dated end of the market rather than influence monetary policy.
Treasury Yields Surge After Bessent Disappoints Market With Small Buyback Size Ahead of today's highly anticipated Treasury buyback announcement - which put a number to the shocking Aug 19 news from the Treasury that the maximum size of $2 billion per longer-dated buyback…
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