HM Treasury
Discussion focused on Treasury debt-management and buybacks, with analysts debating their effects on yields, curve structure and swap spreads. The UK Treasury was portrayed as potentially taking over control of gilt maturity supply from the Bank of England under a revised QT mechanism 1, while Dario Perkins argued this shifts rather than solves the yield problem 2. US Treasury buybacks drew both attention and scepticism: Bob Elliott described them as a major policy shift 6, whereas Conks argued their direct effect on yields is minimal 10.
Where the voices land
All voices 1 voice1 against
Against
- DPDario PerkinsAgainst Perkins expects the Treasury to take on the BoE's problem by issuing a large amount of bills, a move he frames as a dodge rather than a fix. “it has handed the problem to the Treasury, which will now presumably do a Bessent and fund it by issuing a tonne of bills” Open the post Its not hard. The BoE likes QT because it makes … · 18 Sept
1 against
Mentions
11 in September 2026Stories it travels in
i
The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- Michael Every 2 mentions
- Dario Perkins 1 mention
- Bloomberg 1 mention
- Bob Elliott 1 mention
- The Kobeissi Letter 1 mention
- Joseph Wang 1 mention
- Daniel Lacalle 1 mention
- Blake Morrow 1 mention
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