Gold price jumps 4% past $4,500 as Treasury buys back its own long-term debt - KITCO
Gold price jumps 4% past $4,500 as Treasury buys back its own long-term debt - KITCO
Source: KITCO
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DW NOTE
The Treasury is now buying back its own long-dated bonds while running a $1.9 trillion deficit. That's not debt management — it's a liquidity operation dressed as yield curve control. Gold read it correctly: when the issuer becomes the buyer of last resort, the denomination itself is the risk.