TODAY'S MARKET INTELLIGENCE
US Treasury Intervention Fails Repeatedly, US Fiscal Credibility Suffers Heavy Blow
English summary
The US Treasury's bond buyback and verbal intervention had only brief effects, with long-end yields rebounding quickly. Combined with debt exceeding $40 trillion and high deficits, market credibility has fallen, requiring Fed coordination.
The English text is machine translated and may require verification against the Chinese version.
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