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Intervening Oneself Out Of Quagmire?
"The Treasury can address market plumbing, but it cannot buy back geopolitical risk, inflation risk or fiscal arithmetic."
TL;DRAI
Treasury doubled bond buybacks ($14bn) to cap 30-year yields; immediate reversal showed market doubts on fiscal reform. Without structural deficit cuts, implicit Treasury put weakens dollar, feeds inflation risk, raises capex/M&A costs for enterprises.
1,109 words~5 min read
