Has the U.S. Treasury started financial repression? | Topical Thoughts

What happens when the bond market starts pushing back? The U.S. Treasury has made an unusual move: doubling long-end bond buybacks to contain rising long-term yields. But the bigger story is not the buybacks themselves but what they signal. As debt burdens rise and fiscal risks move center stage, the key question becomes: Can debt management substitute for fiscal discipline? Read our latest Topical Thoughts paper, "Let's twist again - the US Treasury puts a lid on longer-term bond yields" by Thomas Liebi, Head of US & UK Market Strategy https://www.zurich.com/economics-and-... #FiscalPolicy #FinancialMarkets #BondMarkets