US Buyback Pledge Draws Japan Comparisons and Pressures Dollar
The US bond buyback pledge that whipsawed markets this week is prompting comparisons with policies in Japan, where efforts to contain borrowing costs resulted in prolonged currency weakness.
Treasury buyback plan fails to calm bond market
- Bessent flags bigger debt buyback potential, coming fiscal plan The Straits Times —
- Asian bonds follow US Treasuries lower, dollar slips The Straits Times —
- Bessent says recent bond moves have just been 'noise' 📹 Bloomberg — · 39sec
- US bond selloff resumes despite Treasury intervention Channel News Asia —
- Bond markets shrug off Treasury intervention, with yields rebounding Washington Examiner —