Scale Doubles! What Signal Does the U.S. Treasury’s Announcement to Expand Long-Term Treasury Buybacks Send?
Following a sharp sell-off in U.S. Treasury securities, the U.S. Department of the Treasury intervened urgently by announcing a significant expansion of its long-term Treasury repurchase operations. Consequently, yields on long-dated Treasuries declined rapidly, with the 30-year yield dropping to 5.193% at one point. Meanwhile, the U.S. Dollar Index plunged sharply, while precious metals markets surged across the board.
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