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Boosting Bond Buybacks Is Tactical Move, Bullard Says

Key Points

The US Treasury says it will be buying back more longer-dated debt, a move designed to stop the surge in long-end yields. Former St. Louis Fed President James Bullard says this seems like an important tactical move, but it won't change the fundamentals. He speaks on "Bloomberg Surveillance."

The US Treasury says it will be buying back more longer-dated debt, a move designed to stop the surge in long-end yields. Former St. Louis Fed President James Bullard says this seems like an important tactical move, but it won't change the fundamentals. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)
Tactical Move (ORG) Bullard (ORG) The US Treasury (ORG) St. Louis Fed (ORG) James Bullard (PERSON)
Originally published by Bloomberg Markets Read original →