Treasury buybacks, fiscal risks and long-end Kryptonite

The US Treasury’s surprise decision to double the size of its regular long-end bond buybacks has reignited debate about how governments can manage rising borrowing needs and weaker demand for longer-dated debt. In this episode, Imogen Bachra is joined by Stuart Sparks and Oriane Parmentier to assess what the Treasury’s move is really designed to achieve – and whether it can do anything to address the underlying fiscal pressures facing the US. The discussion also looks at the UK’s experience o...