The U.S. Treasury Department is considering using its general account to buy back more long-term government notes and bonds to temporarily calm markets. However, this measure remains modest compared to historical interventions such as Mario Draghi’s « whatever it takes » pledge to save the euro or Ben Bernanke’s bazooka program during the Lehman Brothers collapse. Analysts are questioning why Treasury Secretary Scott Bessent chose this moment to intensify these buybacks. The actual impact on long-dated yields remains limited according to experts.
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