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International Business Times
International Business Times
Business

Two Top Banks Say The Treasury's Strategy To Buy Back Bonds Won't Bring Down Yields

Strategists from Goldman Sachs and Wells Fargo said the Treasury Department's strategy to buy back U.S. government bonds won't help reverse the jump in long-term yields. (Credit: Reuters)

Strategists from Goldman Sachs and Wells Fargo said the Treasury Department's strategy to buy back U.S. government bonds won't help reverse the jump in long-term yields.

Strategists from the former said in a note last week that the decision "to increase long-end buybacks does not address what we see as the main sources of recent long-end volatility."

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