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UBS On-Air: Paul Donovan Daily Audio 'Policy whack-a-mole'
Published 1 month, 3 weeks ago
Description
The announcement that the US Treasury would “at least double” purchases of long-term US government bonds sparked a rally; 10-year yields fell to levels not seen for a whole week. Higher yields impact the US affordability crisis and debt service costs, making them a political focus. This policy is to counter the (presumably unintended) consequences for bond markets of other policies like the Gulf war and tariffs.