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The rescue lasted one session
Wednesday's buyback expansion pushed the 30-year toward 5.20%. By Thursday's US close it sat near 5.24%, the 10-year near 4.70%. Scott Bessent said operations could exceed $4bn per issue. Useful scale: the larger operations run 9 September to 4 November and add roughly $14bn over the quarter against more than $40tn outstanding. That is liquidity support in older, less traded bonds, not relief on what has to be funded.
Mary Daly supplied the sentence that matte…Mehr …