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Treasury buyback push could raise yields, JPMorgan warns

JPMorgan strategists Jay Barry and Jason Hunter argue the Treasury’s move may be unnecessary and could still affect bond supply and pricing.

Reported · Written up by our desk · Government Bonds

JPMorgan strategists Jay Barry and Jason Hunter are warning that the Treasury’s ongoing buyback activity could end up pushing bond yields higher, according to MarketWatch.

Barry and Hunter say the program may create unintended market fallout even though they view the move as not even needed.

MarketWatch frames the issue as a potential supply and demand dynamic in Treasuries that could feed into higher yields rather than stabilizing the market.

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