Bessent & Warsh Go Down the Jackson Hole
It is a short, rates-focused explainer on rising Treasury yields and the limited effect of the buyback effort, framed around an upcoming Jackson Hole appearance. Useful for advisors who want the bond-market argument laid out before client conversations about duration and yield levels.
Summary
By the bonds & fixed income deskThis episode of Basis Points looks at the bond market, with Treasury yields described as having climbed to levels not seen since before the 2007 financial crisis. Host Kevin Flanagan examines why the Treasury Department's latest buyback push barely dented the trend, and why he characterizes the market as in "selling on strength" mode. The discussion runs ahead of Fed Chair Warsh's first Jackson Hole appearance.
- Treasury yields have climbed to levels not seen since before the 2007 financial crisis.
- The Treasury Department's latest buyback push barely dented the trend, per the episode.
- Flanagan describes the bond market as remaining in a "selling on strength" mode.
- The discussion comes ahead of Fed Chair Warsh's first Jackson Hole appearance.
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