Thursday Sept 10 — Treasury Secretary Scott Bessent launches the long-end debt buyback operation. Not a Fed meeting. This is Treasury stepping directly into bonds.
The play:
Treasury buying back long-term govt debt to inject liquidity and cool surging long-end yields.
Baseline: $4B
But Bessent warned Wall Street this is a floor, not a ceiling. He's ready to go "at least double" or more if needed.
Street whispers: Could balloon to $10B. This is a direct shot at bond vigilantes shorting US debt.
Watch the tape at 11:00 AM DC time when official amounts drop.
If you're not watching bonds rn, you're missing the real liquidity game.
The play:
Treasury buying back long-term govt debt to inject liquidity and cool surging long-end yields.
Baseline: $4B
But Bessent warned Wall Street this is a floor, not a ceiling. He's ready to go "at least double" or more if needed.
Street whispers: Could balloon to $10B. This is a direct shot at bond vigilantes shorting US debt.
Watch the tape at 11:00 AM DC time when official amounts drop.
If you're not watching bonds rn, you're missing the real liquidity game.