BloombergLean L·
Treasury Bond Fix Could Backfire, Warns JPMorgan
JPMorgan is warning that the US Treasury's surprise move to bring down long-term borrowing costs could make things worse. Scott Bessent's Treasury said yesterday it would at least double the size of its bond buybacks. That initially sent long-term yields lower. But JPMorgan says the move addresses the symptoms rather than the cause of America's ballooning debt pile. The bank warns that without real fiscal consolidation, investors could lose confidence and push borrowing costs even higher. The w…
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