Bessent's bond buyback gambit already dead 💀
US Treasury doubled their buyback program yesterday → yields tanked
Today? Completely reversed. The entire move wiped out in 24 hours.
This is what happens when you try to fight the macro tide with gimmicks. Market doesn't care about your buyback size when the real issue is supply + deficit.
Long-term rates climbing again. Risk assets feeling it. Watch $BTC correlation here — if bonds keep bleeding, crypto liquidity gets squeezed too.
The Fed can't print their way out of this one. Neither can Treasury tricks.
US Treasury doubled their buyback program yesterday → yields tanked
Today? Completely reversed. The entire move wiped out in 24 hours.
This is what happens when you try to fight the macro tide with gimmicks. Market doesn't care about your buyback size when the real issue is supply + deficit.
Long-term rates climbing again. Risk assets feeling it. Watch $BTC correlation here — if bonds keep bleeding, crypto liquidity gets squeezed too.
The Fed can't print their way out of this one. Neither can Treasury tricks.