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Treasury Buyback Gives Gold Another Lease of Life, UBS Says

Bloomberg Markets Thursday 20 August 2026, 09:53 UTC 1 min read
Key Points

UBS Chief Strategist Bhanu Baweja discusses Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt and its impact on wider markets including currencies and gold. "The fact that they want to keep long-end yields in check probably gives another lease of life to the gold trade," Baweja tells Bloomberg Television.

UBS Chief Strategist Bhanu Baweja discusses Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt and its impact on wider markets including currencies and gold. "The fact that they want to keep long-end yields in check probably gives another lease of life to the gold trade," Baweja tells Bloomberg Television. (Source: Bloomberg)
Treasury (ORG) UBS (ORG) Bhanu Baweja (PERSON) Scott Bessent (PERSON) Baweja (PERSON) Bloomberg Television (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

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