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Treasury Bond Buybacks Attacks "Symptom, Not Cause" of Yield Spikes

9 min20 augusti 2026

The Treasury is "attacking the symptom, not the cause" of rising yields, says Liz Ann Sonders. Momentum in fixed income markets, paired with concerns on inflation and the U.S.-Iran war, is what Liz Ann sees silencing the short-term downtrend in the 10-year yield among related metrics. She broadens out the discussion to explain how equities can regain their footing through certain moves she wants to see from Treasury yields.


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