Buybacks Failed to Lower Bond Yields

The far end of the US Treasury curve trades thinner than the rest of it, and that thinness is why a modest shock produces an outsized yield move. Shriya Samarth, StoneX Head of Rates, EMEA, explains how Treasury buyback support for the illiquid long end landed smaller than the bond market wanted, and crude oil strength lifted yields anyway. View her full report in the related video.