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25.08.26 - 03:00
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US Treasury bond buy-back reinforces gold debasement trade as Jackson Hole meeting looms (SCMP)
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The US Treasury's decision to boost its buy-backs of long-maturity bonds is strengthening the debasement trade on gold, as investment banks turn more upbeat on the precious metal before the Federal Reserve's annual meeting in Jackson Hole.
Gold rose 0.2 per cent to a three-month high of US$4,689.3 an ounce on Monday, extending a 5.1 per cent gain last week after Treasury Secretary Scott Bessent unveiled the repurchase programme, which he said was likely to surpass US$4 billion. The announcement......
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25.08.26 - 02:24
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Bessent Defends Buyback Plan, Stops Short of New Bond Measures (Bloomberg)
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Treasury Secretary Scott Bessent refrained from any further signals on revamping US debt management on Monday, following a report that his department could draw down some of its cash pile to fund buybacks of higher-yielding older securities. Bloomberg's Garfield Reynolds discusses. (Source: Bloomberg)...
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25.08.26 - 00:01
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Bond Investor Ed Al-Hussainy on Bessent′s Treasury Twist (Bloomberg)
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Ed Al-Hussainy, Portfolio Manager at Columbia Threadneedle Investments, discusses the relative stability of the U.S. dollar against developed market currencies, while highlighting the strength of emerging market currencies fueled by carry trades supported by higher real yields in countries like Brazil, Mexico, Colombia, and South Africa. Despite strong U.S. economic fundamentals, including low unemployment and steady growth, the dollar has underperformed, partly due to the Federal Reserve's slower rate repricing compared to other central banks. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)...
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24.08.26 - 21:42
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Treasuries Show Strong Move Back To The Upside (AFX)
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WASHINGTON (dpa-AFX) - Treasuries showed a strong move to the upside during trading on Monday, regaining ground after moving notably lower over the two previous sessions. Bond prices advanced in m......
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