JPMorgan is warning that the US Treasury's surprise move to bring down long-term borrowing costs could make things worse. Scott Bessent's Treasury said yesterday it would at least double the size of its bond buybacks. That initially sent long-term yields lower.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-20/treasury-bond-fix-could-backfire-warns-jpmorgan-video)