Treasury Buyback Gives Gold Another Lease of Life, UBS Says

🇺🇸 Bloomberg (US) —

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UBS Chief Strategist Bhanu Baweja discussed Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt and its positive impact on markets including gold. The strategy aims to keep long-end yields in check, which supports the gold trade.

UBS Chief Strategist Bhanu Baweja discusses Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt and its impact on wider markets including currencies and gold. "The fact that they want to keep long-end yields in check probably gives another lease of life to the gold trade," Baweja tells Bloomberg Television. (Source: Bloomberg)

Markets Commodities UBS debt buybacks Treasury Secretary gold trade markets bond yields

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