FORGET THE DEBT FLOOD: Why Yields Hit 3-Year Highs as Treasury Buys Its Own Debt!
リアクション
2026年09月08日
Financial media will spend all week telling you that an overwhelming flood of new government debt is crushing the bond market—but they haven't read the Treasury's quarterly refunding statement. In today's Wall Street Truthbomb, Chief Investment Officer Mark Malek exposes why 10-year Treasury yields just pushed to 4.81%—their highest level since October 2023—even as the official sector steps in to prop up debt prices.
Mark breaks down the shadow data behind the Treasury Department quietly doubling the size of its long-end liquidity buyback operations to $4 Billion per operation starting September 9th. Discover why nominal coupon issuance is completely flat, how quantitative tightening ended with the Fed actively reinvesting principal, why Tokyo's 10-year bond hitting 3% triggered a $72 Billion foreign capital flight from U.S. debt, and how a fragile $2 Trillion hedge fund basis trade became the lender of last resort.
CHAPTERS :
00:00 — The 4.81% Yield Shock: 10-Year Hits 3-Year Highs Following 162K Jobs Print
02:07 — The Supply Narrative Lie: Refunding Statement Keeps Auction Sizes Completely Flat
03:07 — The Fed Is Reinvesting: Why Quantitative Tightening Ended on December 1st
03:47 — Shadow Data: Treasury Doubles Long-End Buyback Operations to $4 Billion
04:36 — The Anatomy of a Buyback: Swapping Liquid New Paper for Stale Off-the-Run Debt
05:38 — The Real Culprit: Term Premium Surges to 0.87% (Echoes of the 2023 Tantrum)
08:09 — Tokyo Capital Flight: Japan's 3% JGB Yield Triggers $72B Foreign Treasury Exit
09:55 — The Basis Trade Threat: Why $2 Trillion in Leveraged Hedge Funds Rent Our Debt
11:55 — Wallet Reality: Mortgages Stuck at 6.71% to 6.89% and Higher Discount Rates for Tech
16:05 — Today's Wall Street Truthbomb: Why Official Buying Can't Stop the Bond Repricing
Subscribe to Wall Street Truthbombs: https://www.youtube.com/@wstruthbombs?sub_confirmation=1
Substack: https://substack.com/@wstruthbombs
X: https://x.com/WSTruthBombs
Patreon: https://www.patreon.com/wstruthbombs
BlueSky: https://bsky.app/profile/wstruthbombs.bsky.social
TikTok: https://www.tiktok.com/@wstruthbombs
Truthbombs videos are for informational and educational purposes only. The views expressed by Mark Malek or guests are their own and do not necessarily reflect those of Siebert Financial. These videos do not constitute investment advice, an offer to sell, or a solicitation to buy any securities. Past performance is not indicative of future results. Listeners and viewers should consult a qualified financial professional before making any investment decisions.
#BondMarket #TreasuryYields #NationalDebt #InterestRates #FederalReserve #MortgageRates #Economy #Macro #MarkMalek #WallStreetTruthbombs #Investing #StockMarket
Mark breaks down the shadow data behind the Treasury Department quietly doubling the size of its long-end liquidity buyback operations to $4 Billion per operation starting September 9th. Discover why nominal coupon issuance is completely flat, how quantitative tightening ended with the Fed actively reinvesting principal, why Tokyo's 10-year bond hitting 3% triggered a $72 Billion foreign capital flight from U.S. debt, and how a fragile $2 Trillion hedge fund basis trade became the lender of last resort.
CHAPTERS :
00:00 — The 4.81% Yield Shock: 10-Year Hits 3-Year Highs Following 162K Jobs Print
02:07 — The Supply Narrative Lie: Refunding Statement Keeps Auction Sizes Completely Flat
03:07 — The Fed Is Reinvesting: Why Quantitative Tightening Ended on December 1st
03:47 — Shadow Data: Treasury Doubles Long-End Buyback Operations to $4 Billion
04:36 — The Anatomy of a Buyback: Swapping Liquid New Paper for Stale Off-the-Run Debt
05:38 — The Real Culprit: Term Premium Surges to 0.87% (Echoes of the 2023 Tantrum)
08:09 — Tokyo Capital Flight: Japan's 3% JGB Yield Triggers $72B Foreign Treasury Exit
09:55 — The Basis Trade Threat: Why $2 Trillion in Leveraged Hedge Funds Rent Our Debt
11:55 — Wallet Reality: Mortgages Stuck at 6.71% to 6.89% and Higher Discount Rates for Tech
16:05 — Today's Wall Street Truthbomb: Why Official Buying Can't Stop the Bond Repricing
Subscribe to Wall Street Truthbombs: https://www.youtube.com/@wstruthbombs?sub_confirmation=1
Substack: https://substack.com/@wstruthbombs
X: https://x.com/WSTruthBombs
Patreon: https://www.patreon.com/wstruthbombs
BlueSky: https://bsky.app/profile/wstruthbombs.bsky.social
TikTok: https://www.tiktok.com/@wstruthbombs
Truthbombs videos are for informational and educational purposes only. The views expressed by Mark Malek or guests are their own and do not necessarily reflect those of Siebert Financial. These videos do not constitute investment advice, an offer to sell, or a solicitation to buy any securities. Past performance is not indicative of future results. Listeners and viewers should consult a qualified financial professional before making any investment decisions.
#BondMarket #TreasuryYields #NationalDebt #InterestRates #FederalReserve #MortgageRates #Economy #Macro #MarkMalek #WallStreetTruthbombs #Investing #StockMarket
