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Treasury buyback triggers shock as bond investors press selling

The week drew attention because investors initially reacted to the Treasury buyback, but selling resumed shortly after the surprise move, according to WSJ Markets.

Reported · Written up by our desk · Government Bonds

WSJ Markets describes a volatile stretch in Treasury markets during which investors were jarred by a Treasury buyback that the outlet called a shock.

Despite that initial reaction, bond selling did not fade for long, with investors continuing to move away from Treasuries after the buyback.

The episode underscores how quickly market positioning can turn even when the government takes an action aimed at altering the near term supply and demand balance, according to WSJ Markets.

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