Thomas Simons

“This breaks with Treasury's long-held strategy of making 'regular and predictable' announcements, and using the Refunding to announce almost all of their policy changes and guidance,”

Thomas Simons · said date not stated · reported 2026-08-20

Simons criticized the Treasury's buyback announcement for breaking with its usual practice of using quarterly refunding statements for policy changes.

“We do not think it is hyperbole to say that this break in communication strategy reduces the overall credibility of their guidance.”

Thomas Simons · said date not stated · reported 2026-08-20

Simons argued the break in communication strategy hurts Treasury's credibility.

“the sloppy wording of [the] headline on [the] release gave the impression that this was a hastily made decision.”

Thomas Simons · said date not stated · reported 2026-08-20

Simons said the wording of the release's headline made the buyback decision appear hastily made.