You can't make this up:
At 8:15 AM ET yesterday, the 10Y Note Yield was trading at 4.68% when the US Treasury announced it would be increasing bond buybacks to $4 billion.
The yield fell to a low of 4.63% as the US Treasury pledged to provide "liquidity support."
Exactly 24 hours later, the 10Y Note Yield is ABOVE levels seen prior to the announcement, at 4.71%.
It's going to take a lot more intervention to tame this beast.
$RIVN $RIVER $ICP
At 8:15 AM ET yesterday, the 10Y Note Yield was trading at 4.68% when the US Treasury announced it would be increasing bond buybacks to $4 billion.
The yield fell to a low of 4.63% as the US Treasury pledged to provide "liquidity support."
Exactly 24 hours later, the 10Y Note Yield is ABOVE levels seen prior to the announcement, at 4.71%.
It's going to take a lot more intervention to tame this beast.
$RIVN $RIVER $ICP