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24.09.26 - 23:24
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Bond Yields Soar, Spiking Fed Rate Hike Bets (Bloomberg)
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"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: Parametric SMA Fixed Income Portfolio Manager Nisha Patel, Citi Head of Global Rates Deirdre Dun, Goldman Sachs Head of Multi Sector FI Investing Lindsay Sachs, Oaktree Capital Management Deputy CIO Strategic Credit Platform Milwood Hobbs. (Source: Bloomberg)...
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09.09.26 - 22:45
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Treasury Yields Surge After Bessent Disappoints Market With Small Buyback Size (ZeroHedge)
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Treasury Yields Surge After Bessent Disappoints Market With Small Buyback Size
Ahead of today's highly anticipated Treasury buyback announcement - which put a number to the shocking Aug 19 news from the Treasury that the maximum size of $2 billion per longer-dated buyback operation would be "at least $4 billion" - we warned that no matter what was unveiled at 11am ET, the market would be disappointed...
Bessent will reveal the expanded Treasury buyback size at 11am ET. It will disappoint.
— zerohedge (@zerohedge) September 9, 2026
... for the simple reason that when it comes to $2+ trillion in gross issuance every year and hundreds of billions in annual duration (DV01) supply, $4 billion - or even $10 billion as some expected - would be a drop in the bucket as this chart from Goldman shows (where if you use a microscope, you can even see the size of the TSY buyback in context).
So at precisely 11am, the Treasury did release the long-awaited number.... and it was a huge disappoint...
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07.09.26 - 19:24
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Japan Sold Almost $90 Billion In Treasuries To Fund Record Yen Intervention (ZeroHedge)
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Japan Sold Almost $90 Billion In Treasuries To Fund Record Yen Intervention
At the end of July, the only question following Japan's record $90 billion yen intervention (which worked for about two weeks before the effects faded and Bessent had to engage in more market intervention), was whether and how much Treasuries Japan had sold as part of the intervention.
The BOJ spent a record $90BN to briefly push the yen higher.
Another catastrophic intervention by the central bank which is 100bps behind in rate hikes (chart Goldman) pic.twitter.com/xOGszXSgF7
— zerohedge (@zerohedge) July 31, 2026
We now now the answers: i) yes and ii) a lot.
According to Finance Ministry reserve data released Monday, Tokyo's holdings of foreign securities fell by $87.8 billion at the end of August from a month earlier. That decline was close to the scale of Japan's recent intervention to support the yen. Analysts suggested Japan likely sold Treasuries at the short end of the maturity spectrum, Bloomberg re...
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19.08.26 - 19:06
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Stocks Climb as Treasury Steps In to Support Bonds (Bloomberg)
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Wall Street staged a rebound after the Treasury said it plans to boost buybacks of longer-dated bonds, a signal the US wants to lower borrowing costs after yields hit multi-decade highs.
Lindsay Rosner, Head of Multi-Sector Investing at Goldman Sachs Asset Management, discusses her views on market resilience and global risk premiums. (Source: Bloomberg)...
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19.08.26 - 14:36
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Goldman′s Rosner Sees More Than AI Debt Weighing on Treasury Yields (Bloomberg)
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Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management, examines the impact of AI debt on the demand for long-end US Treasuries. Rosner also says she doesn't expect much clarity in the FOMC meeting minutes on the central bank's reaction function. (Source: Bloomberg)...
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