Claire Jones
speaker
248 appearances
11 recordings
2 series
first heard Jan 2026
last heard 17 Sep
Claire Jones’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Aug 2026 with 2.
Appearances
longer term bonds, which are particularly important for the government's borrowing costs and also household and businesses' borrowing costs rise in quite heavily over recent weeks.
What the US Treasury said it was gonna do in a surprise announcement on Wednesday morning was say that it would buy back some of those longer term bonds in the hope that this would lower the government's cost of borrowing over those longer term maturities.
So the immediate reaction yesterday was quite good.
We saw a fall in the US government's cost of borrowing not only over 30 years, but over the crucial 10-year horizon too.
So the first signs were that this was working.
However, later yesterday afternoon, we saw an auction for 20-year Treasury debt that drew only modest appetite.
Which suggests the impact of this measure by the US Treasury to make those longer term bonds more attractive.
It's not going to be a cure-all.
It moves things in the right direction, but it isn't a game changer.
We did indeed.
We saw the release of the minutes of the Federal Reserve's July meeting.
They showed that quite a few people on the Federal Open Market Committee.
pretty concerned that US inflation has been so high for so long that it's really going to become entrenched in the US economy, which gives the sense that unless the data on inflation turns better quite soon, we are likely to see rate rises in the coming months.
of itself no.
Investors and economists want to see more action on the US deficit.
They want to see an end to the conflict in Iran.
And there's also the issue where, because there's so much investment in AI, companies in the AI space issuing a lot of long-term debt.
They're issuing bonds too.
So the US Treasury's got to compete with that.
So there's a lot of these more fundamental forces that are driving up the US government's borrowing costs.
Showing 41–60 of 248 · page 3 of 13
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