Published Aug 26, 2026, 10:24 PM ET · Updated 3 months ago · 1 source

US Treasury bond buyback program is an unsustainable market manipulation

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Original Report

The US Treasury's bond buyback program, initiated by Janet Yellen and expanded by Secretary Bessen, is an unsustainable attempt to manage the bond market by shifting debt to short-term borrowing, which merely kicks the can down the road and jeopardizes the Treasury's credibility, as criticized by financial experts like Stanley Druckenmiller.