The Yossi Schmidt Show (@Yossishow)

Treasury raised the cap on 10- to 20-year debt buybacks from $2 billion to $6 billion. Thursday’s 20-minute operation is the first under the expanded program. In August it had only promised “at least” $4 billion. Bessent calls it liquidity support, not an attempt to set the equilibrium yield. The 10-year still printed a three-year intraday high near 4.85%. The 30-year was above 5.28%. Some desks wanted a $7B surprise. National debt crossed $40 trillion last month. Hold everyone accountable. Credit: @thehill @maxrego_ #Treasury #Bonds #Debt #News