Goldman, Wells Fargo: "Treasury buyback insufficient to lower long-term yields"
GS Goldman Sachs Group Inc
$1036.28 -0.29%
View chart & analysis → - 1Wall Street strategists at Goldman Sachs (GS) and Wells Fargo (WFC) say the U.S. Treasury's buyback program will have limited impact in reversing the recent surge in long-term yields.
- 2Goldman noted that even scaling up the program would struggle to meaningfully alter rate levels, while Wells Fargo said macroeconomic shifts are needed.
- 3The 10- and 30-year yields briefly fell after Wednesday's announcement before climbing again late last week, with concerns over deficits and inflation cited as key issues to resolve.
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