JPMorgan (JPM) Warns Treasury Buyback Push Could Send Bond Yields Even Higher
JPMorgan Chase & Co. (JPM) strategists are sounding the alarm that the US Treasury’s aggressive bond buyback program may ultimately backfire, pushing yields higher rather than lower. The Treasury announced it would at least double the size of its bond buybacks, framing the move as providing “greater liquidity support” to financial markets amid mounting concern…