macro

U.S. Treasury Secretary Scott Bessent has made waves this week with his plan to at least double his department’s buybacks of longer-dated Treasury bonds.

Bessent said his department is going "make a market" in the longer-dated securities where yields have been surging lately.

Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank

Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch

US Treasury Secretary Scott Bessent said increased buybacks of Treasury securities announced this week could be more than $4 billion per issue.

Term premium trouble

State Street Investment Management Global Chief Investment Officer Lori Heinel discusses the limited impact of Treasury Secretary Scott Bessent's bond buyback announcement, describing it as a short-term measure unlikely to alter the upward trajectory of bond yields. She speaks on "Bloomberg Open Int

Market participants are warning that a lack of predictability when it comes to the US Treasury’s debt management strategy could ultimately portend higher borrowing costs.

Yield on 30-year Treasuries rises despite move to ‘at least double’ purchases of securities

Strategists Jay Barry and Jason Hunter are predicting fallout from the Treasury’s move that they see as not even needed.