Treasury Buybacks and the Debasement Trade Take Center Stage

The bond market is becoming one of the most important macro stories to watch.
Today’s focus is on Treasury buybacks and the growing “debasement trade” across gold, Bitcoin and other hard assets.
Treasury has expanded purchases of longer-dated debt in an effort to improve liquidity and reduce pressure in the bond market.
But yields have already started climbing again, while the U.S. dollar has weakened.
That is raising a bigger question:
How far can policymakers go in supporting the Treasury market before investors begin demanding protection against currency debasement?
The discussion goes live at 9:00 AM ET, with questions from viewers expected throughout the stream.
Bond-market intervention may be the immediate topic.
The longer-term debate is what it means for the dollar and scarce assets.