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Bond vigilantes, the term for investors who sell government bonds to protest fiscal policy and force borrowing costs higher in the process, are the target Treasury Secretary Scott Bessent is now taking aim at.
His move is to buy more long-term US debt in a $32 trillion market.
Investors are describing the effort as a "band-aid on a bullet hole." How bond vigilante pressure works The US Treasury market covers maturities from short-term bills to thirty-year bonds.
The long end of that range, the ten-year notes and thirty-year bonds, is where vigilante pressure cuts deepest.
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