“Upon the announcement of the buyback increase and the 'signaling effect' it mustered, the 10-year breakeven rose by about 6-7 bps - not insignificant. That's as if to say that something about the announcement was 'inflationary,'”

Thierry Wizman · said date not stated · reported 2026-08-21

Thierry Wizman notes the rise in the 10-year breakeven rate after the debt buyback announcement.