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2026/10/03 1

Treasury Buyback Limits and the Fed's 8-Stage Liquidity Playbook : Macro Mechanics and Market Downside Risks

"I am the house now. Do not bet against the house."This was the bold declaration delivered to market participants by the leadership of the US Treasury. The very next day, on September 9, 2026, the Treasury officially announced a $6 billion long-term Treasury buyback—triple the size of previous baseline operations.Under normal conditions, sovereign yields should have stabilized and risk assets br..

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