On the 26th, asset management giant Grayscale released a report analyzing the expansion of U.S. Treasury bond buybacks by the Treasury Department. The firm argued that the buybacks merely address the symptom of rising interest rates and do not resolve the underlying issue of structural fiscal deficits.
On the 19th, the Treasury announced it would double the scale of long-term bond buybacks from $2 billion to $4 billion per instance. On the same day, it was also revealed that the U.S. public debt had exceeded $40 trillion for the first time...