bessent is cooked
The increase is from $2bn to "at least" $4bn per operation, starting September 9, running through November 4. Reuters called the amount "negligible in a market worth $32.2 trillion." Axios: purchases are "tiny relative to the roughly $30 trillion U.S. government debt market... the purchases alone will not determine where long-term interest rates go. The symbolism is what matters."
The increase is from $2bn to "at least" $4bn per operation, starting September 9, running through November 4. Reuters called the amount "negligible in a market worth $32.2 trillion." Axios: purchases are "tiny relative to the roughly $30 trillion U.S. government debt market... the purchases alone will not determine where long-term interest rates go. The symbolism is what matters."