FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.
Live cross-firm bank consensus across 36 desks — FX, oil & gold
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Headlines are fast and furious on how Treasury wants to keep long-term yields down
The US Treasury's recent move to double buybacks of longer-dated bonds signals a clear attempt to control the upward pressure on long-term yields. Per the full note from ing-think, this could reflect discomfort with the recent sell-off in 10-30 year securities, with yields already down 5-10 basis points following the announcement. Maintaining liquidity in this segment is vital for the Treasury, particularly as these measures may need to be repeated frequently if market conditions warrant. Current consensus targets are mixed, suggesting a cautious approach from institutional traders.