...oh no, the beginning of the Japanification of US debt market.
The US Treasury is supporting the Bond Market as never before: The Treasury purchased $10 billion of its debt on Tuesday, the most since the buyback operation was initiated. Over the last months, the Treasury Buybacks have trended upward, as indicated by the ZeroHedge chart. https://x.com/GlobalMktObserv/status/1930241627546620109