"They can intervene again and they can push back. But ultimately, it’s going to be policy that dictates where you’ll go in the long term. We’re talking about the symptoms again, not fixing the cause."

While larger Treasury buybacks are squeezing steepener trades and prompting a short-covering rally in the long-end, the burden of driving markets ultimately remains with the Fed...

Higher bond yields raise concerns over US borrowing costs and fiscal pressures

Treasury yields climbed this week, with yields on 10-year, 20-year, and 30-year Treasury notes reaching their highest levels in years.

The US Treasury has doubled planned buybacks of longer-dated bonds to at least $4 billion per operation, seeking to ease liquidity pressures after the 30-year Treasury yield hit…

US Treasury doubles bond buybacks to $4B. Fed pause in next three meetings at 73.5% YES.