Goldman, Wells Say Treasury Buybacks Unlikely to Cut Long Rates
Major Wall Street firms including Goldman Sachs and Wells Fargo have concluded that the U.S. Treasury Department's bond buyback program will have minimal impact on reversing the recent surge in long-term interest rates. Interest-rate strategists from these institutions expressed skepticism about the effectiveness of this policy tool in addressing rising yields.
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Goldman, Wells Say Treasury Buybacks Unlikely to Cut Long Rates
Major Wall Street firms including Goldman Sachs and Wells Fargo have concluded that the U.S. Treasury Department's bond buyback program will have minimal impact on reversing the recent surge in long-term interest rates. Interest-rate strategists from these institutions expressed skepticism about the effectiveness of this policy tool in addressing rising yields.
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