.. we fear the markets will view this action as lacking credibility, meaning this could contribute to higher term premium and yields over time should Treasury become more opportunistic in its approach to debt management ...

"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,…

JPMorgan warns the US Treasury's doubled bond buyback program may push yields higher, not lower, amid fiscal deficit concerns and surging debt