Investors' Focus Might Shift to Short-End U.S. Treasurys
Dow Jones
Aug 26
0556 GMT - Market talk on the U.S. Treasury's decision to double buybacks of long-end securities continues to reverberate but will slowly morph toward a front-end focus as the Jackson Hole symposium approaches, according to Padhraic Garvey and Michiel Tukker of ING. "While Treasury Secretary Bessent continues to boss the back end, or intends to, [Federal Reserve] Chair Warsh would probably like to do the same on the front end, but has chosen to lie low for now," the strategists say in a note. Warsh will have a chance to opine some more on Friday at the Jackson Hole symposium, the strategists say, referring to the Kansas City Fed's annual symposium that will take place between Thursday and Saturday.
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