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Open original source ↗I've been saying "bond traders can stop panicking when the Fed starts panicking."
I guess I should have said, "bond traders can stop panicking when Scott Bessent starts panicking."
*TREASURY DEPT ANNOUNCES INCREASED SIZES OF LONG-END BUYBACKS
*LONG-TERM US YIELDS DROP ON TREASURY PLANS TO BOOST BUYBACKS
Three-day tick chart of 30-year yields.