The U.S. Treasury can buy back more than $34 billion of its own debt only in September.
Next week alone allows for up to $14.5 billion in capacity, and the program will double in size on September 9.
The yield on 30-year bonds is near a 20-year high, while the government is now spending more than $1 trillion a year just on interest.
Treasury Secretary Bessent insists the goal is liquidity, not yield control, saying: "I haven't bought anything yet."
The last time the buyback program expanded, BTC rose 22% in one week.
But won't a bond buyback trigger demand for new issuance and, of course, a second wave of inflation?
Next week alone allows for up to $14.5 billion in capacity, and the program will double in size on September 9.
The yield on 30-year bonds is near a 20-year high, while the government is now spending more than $1 trillion a year just on interest.
Treasury Secretary Bessent insists the goal is liquidity, not yield control, saying: "I haven't bought anything yet."
The last time the buyback program expanded, BTC rose 22% in one week.
But won't a bond buyback trigger demand for new issuance and, of course, a second wave of inflation?