I've been saying "bond traders can stop panicking when the Fed starts panicking."

I guess I should have said, "bond traders can stop panicking when Scott Bessent starts panicking." *TREASURY DEPT ANNOUNCES INCREASED SIZES OF LONG-END BUYBACKS *LONG-TERM US YIELDS DROP ON TREASURY PLANS TO BOOST BUYBACKS Three-day tick chart of 30-year yields. — via @biancoresearch

Treasury buyback increase and long-end yield drop signal Fed/Bessent panic relief.