For obvious reasons, this is not Bullish for the U.S. economy.

All thanks to a "little excursion" that is "small potatoes" and "no big deal"

10 year Treasury Yield

Stephanie Kelton is LOST as usual.
She's so ignorant it's not even remotely FUNNY.

She is my new Amuse!
Full of MISINFORMATION.

Tweet!
Tweet!!
Tweet!!!

The buybacks have ALREADY started.
Duh.

As it stands, Bessent brought a pea shooter to a tank battle.

From an initial $2 Billion to now $6 Billion in the hope of providing liquidity to get Banks out of bad positions on longer dated maturities (10 to 20 years) and free up their capital so they can participate in Treasury auctions.

But his remarks today show an admission that he cant prevent fundamentals from dictating yields.

It should be fun watching Bessent increase the buybacks to feed the "beast" and up the ante.

Popcorn ready!



Here's the U.S. Treasury Buyback Schedule.
Note: The buybacks started LAST MONTH.

Microsoft Word - BuybackCalendar-August-2026-Updated_20260909.docx

Free Bloomberg link for those that wish to educate themselves on the subject:

https://www.bloomberg.com/news/articles/2026-09-09/us-more-than-doubles-long-dated-debt-buyback-size-to-6-billion?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4ODk5NjIwMCwiZXhwIjoxNzg5NjAxMDAwLCJhcnRpY2xlSWQiOiJUS1Q0U0hUOTZPU0cwMCIsImJjb25uZWN0SWQiOiI0QTE0NjgyRTVEQjI0RDgyOEVGOTIxMzA1M0U4NzhDMiJ9.yAPwe7Jn3sNGfaRl3RZ7do6JydR2HIR2F_A9RZkMIXw

AUGUST CPI TOMORROW at 5:30 AM PST

Meanwhile . . . MAGA!

US crude oil at $100 barrel. The golden age, lol. Just give every citizen $5,000 - that should solve our problems. What a joke of a government.

But I heard in this forum 2 weeks ago from a poster that we CONTROL THE STRAIT.

Apparently, they believed what Trump had said back on Aug. 12th.

Why are crude oil prices going through the roof if we CONTROL THE STRAIT?

dajo9 said:

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US crude oil at $100 barrel. The golden age, lol. Just give every citizen $5,000 - that should solve our problems. What a joke of a government.

---

Haven't you heard?

We are the HOTTEST country in the world right now!

MAGA.

August Producer Price Index (PPI)

+ 5.4% annualized.

MAGA!

https://www.cnbc.com/2026/09/10/ppi-inflation-report-august-2026.html

DiabloWags said:

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August Producer Price Index (PPI)

+ 5.4% annualized.

MAGA!

https://www.cnbc.com/2026/09/10/ppi-inflation-report-august-2026.html

---

For added context for those who don't click the link.

"The producer price index, a measure of wholesale prices and a gauge of pipeline cost pressures, rose 0.4%, in line with expectations. Core PPI was up 0.2%, slightly softer than the forecast."

BearlySane88 said:

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DiabloWags said:

---

August Producer Price Index (PPI)

+ 5.4% annualized.

MAGA!

https://www.cnbc.com/2026/09/10/ppi-inflation-report-august-2026.html

---

For added context for those who don't click the link.

"The producer price index, a measure of wholesale prices and a gauge of pipeline cost pressures, rose 0.4%, in line with expectations. Core PPI was up 0.2%, slightly softer than the forecast."

---

That doesn't make it sound any better. Up is still up despite what the expectations were.

Eastern Oregon Bear said:

---

BearlySane88 said:

---

DiabloWags said:

---

August Producer Price Index (PPI)

+ 5.4% annualized.

MAGA!

https://www.cnbc.com/2026/09/10/ppi-inflation-report-august-2026.html

---

For added context for those who don't click the link.

"The producer price index, a measure of wholesale prices and a gauge of pipeline cost pressures, rose 0.4%, in line with expectations. Core PPI was up 0.2%, slightly softer than the forecast."

---

That doesn't make it sound any better. Up is still up despite what the expectations were.

---

For added context the CPI comes out tomorrow.
For additional context, the yield on the 2-year Treasury is nearly 4.50%

For context, the Fed Funds Rate is 3.50 - 3.75%

The Fed is so far behind the curve for an increase in rates it isn't funny.

The market place is literally pulling the Fed by the hair to RAISE RATES.

August CPI: 3.4%

10 year Treasury yield pushing 5%

Bond Vigilantes are in charge.

MAGA!

DiabloWags said:

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August CPI: 3.4%

10 year Treasury yield pushing 5%

Bond Vigilantes are in charge.

MAGA!

---

For those who aren't Boomer Doomers, 3.4% in line with expectations and holding steady from July

ChudBear said:

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DiabloWags said:

---

August CPI: 3.4%

10 year Treasury yield pushing 5%

Bond Vigilantes are in charge.

MAGA!

---

For those who aren't Boomer Doomers, 3.4% in line with expectations and holding steady from July

---

For those that actually follow the markets, 3.4% is massively ABOVE the Fed's inflation target of 2.0%
That's why Fed Chairman Warsh and his colleagues will be raising the fed funds rate on the 16th.

Thanks.

An "uninteresting" topic and yet we still get to see Stephanie Kelton weigh in with her typical conflating and amusing tweets.

I'm not surprised that she's confused when it comes to the use of the word "buyback" and conflating two different markets ... equity with fixed income.

No participant in the fixed income market would be confused by the term "buyback".

I'm not surprised by Miss Kelton's confusion given her background as an ACADEMIC and once advisor to Bernie Sanders.

She's my new Amuse.

ChudBear said:

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DiabloWags said:

---

August CPI: 3.4%

10 year Treasury yield pushing 5%

Bond Vigilantes are in charge.

MAGA!

---

For those who aren't Boomer Doomers, 3.4% in line with expectations and holding steady from July

---

It's difficult to ignore that Core CPI prices rose 0.3% higher than the previous month and higher than expectations.

The Core PCE (the Fed's favorite measure of inflation) looks to have risen by 0.3% in August which would yield a 12-month core PCE inflation rate of about 3.4%

The official PCE metric wont be published until end of September.

CPU by Region in August:

West: +3.2%

Midwest: +3.6%

South: +3.1%

Northeast: +3.9%

If anyone thinks that the FED won't be raising interest rates on the 16th, they are terribly naive. The only question is how many more rate hikes are in the offing.

Cant wait for Trump's coming MELTDOWN on Truth Social.

Real average hourly wages fell 0.1% in August.
The're down 0.3% over the past year.

MAGA!

Put in a bid for some 6-month T-Bills at today's Treasury Auction.
$79 Billion auctioned off.

Currently trading: 4.179%

Upcoming Auctions TreasuryDirect

Yield on the 10 year Treasury hit 5.014% today.

MAGA!

DiabloWags said:

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Yield on the 10 year Treasury hit 5.014% today.

MAGA!

---

And fell back down to 4.95%

ChudBear said:

---

DiabloWags said:

---

Yield on the 10 year Treasury hit 5.014% today.

MAGA!

---

And fell back down to 4.95%

---

Currently trading 4.99%

DiabloWags said:

---

ChudBear said:

---

DiabloWags said:

---

Yield on the 10 year Treasury hit 5.014% today.

MAGA!

---

And fell back down to 4.95%

---

Currently trading 4.99%

---

Bessent and co "pumping" hard to keep it under 5% !

30 year fixed mortgages at 6.91%

This is how you MAGA!!!

DiabloWags said:

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30 year fixed mortgages at 6.91%
This is how you MAGA!!!

---

cool. next, please advise how to reverse-engineer our ongoing (eventually catastrophic) global warming problemo.
# let's not all panic, but you you and you might as well. and, as always.. Funk Trunk

2026 Q3 GDP Forecast surges to +5.1% per Atlanta Fed

2026 Q3 GDP Forecast surges to +5.1% per Atlanta Fed 

U.S. GDP Per Quarter:
2025 Q2: 🟢 +3.8%
2025 Q3: 🟢 +4.4%
2025 Q4: 🟢 +0.5%
2026 Q1: 🟢 +2.1%
2026 Q2: 🟢 +1.5%

*2026 Q3: 🟢 +5.1%

*(Federal Reserve Bank of Atlanta Projection) pic.twitter.com/PPVPL3SdyZ

— OSZ (@OpenSourceZone) September 16, 2026

Oh how quickly we forget

Well, this is interesting.

Inflation numbers from Bill Clinton to President Trump. pic.twitter.com/GgRUHYMgTc

— Chris 𝕏 (@Chris__X__) September 16, 2026

Aunburdened said:

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BearlySane88 said:

---

Oh how quickly we forget

Well, this is interesting.

Inflation numbers from Bill Clinton to President Trump. pic.twitter.com/GgRUHYMgTc

— Chris 𝕏 (@Chris__X__) September 16, 2026

---

Time for an old classic

---

Yeah, the tweet BS reposted is comparing price rises over 8 years for Clinton, Bush and Obama versus price rises over 4 years for Trump1 and Biden and over 2 years for Trump2. It's just smoke and mirrors to make Trump's inflation look like less than it really was. Anyone who does their own shopping knows the truth.

Eastern Oregon Bear said:

---

Aunburdened said:

---

BearlySane88 said:

---

Oh how quickly we forget

Well, this is interesting.

Inflation numbers from Bill Clinton to President Trump. pic.twitter.com/GgRUHYMgTc

— Chris 𝕏 (@Chris__X__) September 16, 2026

---

Time for an old classic

---

Yeah, the tweet BS reposted is comparing price rises over 8 years for Clinton, Bush and Obama versus price rises over 4 years for Trump1 and Biden and over 2 years for Trump2. It's just smoke and mirrors to make Trump's inflation look like less than it really was. Anyone who does their own shopping knows the truth.

---

Ah yes my butler does my shopping. My mistake

Food for thought:

The increase in food prices during President Trump's first two years of his second term has been below the national twenty-year average.

USDA puts the 20-year historical average increase in food-at-home prices at about 2.6% per year (2006-2025).

2025: Average grocery prices increased 2.3%, below the 20-year historical rate of 2.6%.
http://www.ers.usda.gov/data-products/chart-gallery/76961

August 2026: BLS reports grocery prices were 2.2% higher than August 2025.
https://www.bls.gov/news.release/cpi.t02.htm