Scott Bessent Wants to ‘Put the Fear of God’ Into Bond Vigilantes -- Why This Midterm Ploy Could Backfire on Investors
The Treasury will double long-end buybacks to $4 billion per operation as Bessent weighs a larger TGA-backed tool to pressure yields.
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8 Articles
Scott Bessent Wants to ‘Put the Fear of God’ Into Bond Vigilantes -- Why This Midterm Ploy Could Backfire on Investors
Treasury Secretary Scott Bessent is deploying an arsenal of tools to scare bond vigilantes into submission, but Wall Street's biggest players are already calling his bluff and warning the strategy could make the problem far worse.
Mises Institute
Cryptocurrency News | Cryptocurrency Prices | Market CapBessent's Former Mentor Druckenmiller Slams Treasury Bond Buyback Plan
"Governments defending prices against fundamentals always lose," Druckenmiller wrote.
(Seoul = Yonhap News) Reporter Seol Won-tae = Billionaire investor Stanley Druckenmiller, who was a mentor to U.S. Treasury Secretary Scott Besant during his days as a hedge fund trader, Secretary Besant's...
Morgan Stanley shares investing tips for navigating 'short-lived gimmicks' in the bond market
Bloomberg/Getty ImagesScott Bessent's bond buyback plan could inadvertently raise long-term borrowing costs.That's according to Morgan Stanley Wealth Management CIO Lisa Shalett.Shalett said investors should add to equal-weight stock indexes and take other defensive steps.Treasury Secretary Scott Bessent has announced bond buyback plans in recent days in an effort to suppress long-term Treasury yields.But in doing so, Bessent might actually be d…
Lisa Charrette of Morgan Stanley points out that intervention in bond markets is actually increasing policy uncertainty and leading to higher long-term interest rates. She also suggested defensive portfolio restructuring that investors should consider.
Treasury Bond Buyback Intervention Doubles in Size, the Market Shrugged Anyway
The consensus read on Treasury Secretary Scott Bessent’s bond buyback intervention is that it represents a serious attempt to manage long-end yields. The bond market’s response on the day the programme was expanded suggests the consensus may be overweighting the Treasury’s capacity to deliver. On 9 September 2026, the US Treasury will begin increasing the size of liquidity support buyback operations for longer-dated nominal coupon securities, co…
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