They are stuffing the short end so the long end and the foreign bid do not blow up.
US DEFENDS YEN SUPPORT TO PROTECT BORROWING COSTS
Treasury Secretary Scott Bessent defended US intervention to support the Japanese yen, warning that extreme volatility could raise American borrowing costs.
Japan is the largest foreign holder of US Treasuries, making yen…
— *Walter Bloomberg (@DeItaone) August 28, 2026
In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial… pic.twitter.com/0mmp2tapqJ
— Treasury Secretary Scott Bessent (@SecScottBessent) August 28, 2026
You like that motherfckers? You want some more? pic.twitter.com/Jw84UxNtHN
— TonyIsHere4You (@TonyIsHere4You) August 28, 2026
The Federal Reserve's purchases of short duration T-Bills jumped to $542 billion this week.
We still have no explanation from the Federal Reserve as to why this "temporary" operation that was supposed to end in April 2026 is still ongoing. https://t.co/HfoqRnYbkT pic.twitter.com/bXmIL95cBo
— Financelot (@FinanceLancelot) August 28, 2026