Will the US Treasury buyback be a game changer for markets?

In case you missed it: US Treasury is increasing the size of liquidity support buyback operations for longer-dated securities That was the big announcement that has gotten markets buzzing again this week. Essentially, the US Treasury is doubling the size of buybacks at the long-end of the curve. So, that adds more liquidity i.e. supply into the market after having seen 30-year yields surge to its…