Treasury Bond Fix Could Backfire, Warns JPMorgan

The U.S. Treasury announced it would at least double the size of its bond buybacks to reduce long-term borrowing costs. JPMorgan said the move addresses symptoms rather than underlying fiscal issues and warned that without fiscal consolidation, investor confidence could decline and borrowing costs could rise. U.S. national debt has topped $40 trillion. Treasury Secretary Scott Bessent announced the buyback expansion.

Next story