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JPMorgan Team Sees Credibility Risk in Treasury’s Bond Buybacks

Key Points

JPMorgan Chase & Co. strategists warned that markets may view the US Treasury’s surprise effort to curb long-term borrowing costs as lacking credibility, potentially pushing up term premium and yields over time.

JPMorgan Chase & Co. strategists warned that markets may view the US Treasury’s surprise effort to curb long-term borrowing costs as lacking credibility, potentially pushing up term premium and yields over time.
JPMorgan Team (ORG) Treasury (ORG) JPMorgan Chase & (ORG) the US Treasury’s (ORG)
Originally published by Bloomberg Markets Read original →