Citadel Securities calls the Treasury's expanded bond buyback program 'financial repression,' warning it could weaken the dollar and increase

"If the market price of USTs is not 'allowed' to adjust down, the foreign exchange price of UST owned by foreign investors has to adjust via a weakening in the dollar."

Citadel Securities calls the Treasury's expanded bond buyback program 'financial repression,' warning it could weaken the dollar and increase