Bessent's expanded long-term Treasury purchases fuel dollar weakness concerns
DB Deutsche Bank AG
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View chart & analysis → - 1Treasury Secretary Scott Bessent moved to expand purchases of long-term Treasuries to prevent a surge in US borrowing costs.
- 2The Treasury announced it will at least double its purchases of 10- to 30-year notes on Wednesday, and the dollar index fell to a three-month low.
- 3Some in the market view the dollar as the biggest casualty, arguing that the attempt to stabilize yields undermines confidence in the dollar.
This 3-line summary is compiled from the report below.
Bloomberg View original ↗
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