Episode Details

Is the Treasury stepping in to rescue the bond market, or is that the wrong way to interpret its purchases of long-term Treasuries? Lance Roberts and Michael Lebowitz examine why Treasury purchases are not necessarily the same as Federal Reserve quantitative easing, how issuing Treasury debt to fund an asset swap differs from creating new money, and what this could mean for bond yields, inflation, and investors. We’ll also look at the changing relationship between Treasury bonds and gold. 0:00 INTRO 0:50 - Treasury Action & FOMC Meeting Minutes 4:19 - Market Rally on Debt Buy Back 10:03 - Are High Oil Prices Deflationary? 11:13 - Debt & GDP 13:53 - Federal Debt as % of GDP 17:51 - Selling Treasuries is Not a Problem 18:31 - What Happens if Gov't Stops Spending 20:55 - The Treasury Buy Back Plan 24:59 - The History of Buy Back Operations 28:12 - The Basis Trade 31:52 - The Term Premium Model 36:09 - What Would Cause Basis Trade to Unwind? 39:18 - When the Gov't Cuts Spending Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO, w w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch today's "Before the Bell" premarket commentary, "Treasury Buybacks Spark a Market Bounce," https://youtu.be/pY-lAMlQo7M -------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/9qhjXZbxkxs ------- Articles mentioned in this report: "The US Treasury Doubles Down On Buybacks" https://realinvestmentadvice.com/resources/blog/the-us-treasury-doubles-down-on-buybacks/ -------- Watch our previous show, "Q&A Wednesday: Are Rising Rates a Market Warning?" https://youtu.be/j6w6g_kXQrU?si=zGfqusgrjAIu1jdN ------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ ------- * REGISTER for our next Dynamic Learning Series, "Savvy Medicare Planning: Everything You Need to Know Before You Enroll," Thursday, August 20, 2026: https://streamyard.com/watch/Qjx33M2tS4i4 --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #SP500 #TreasuryYields #MarketVolatility #Investing #TreasuryBonds #BondMarket #GovernmentSpending #InterestRates