Chief economist, Oxford Economics
Appears in 1 story
Publicly skeptical of the buyback strategy
Treasury Secretary Scott Bessent announced a $6 billion bond buyback Wednesday to cool a debt-market "fever" he blames on the financial press. Yields jumped instead: the 10-year Treasury hit 4.85%, its highest since November 2023, and the Nasdaq fell 0.8%.
Updated 1 hour ago
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