Uploaded August 2026 | Updated September 2026, 2 weeks ago
Gold and Treasury yields have been rising together, with both responding to the same U.S. fiscal pressure rather than pulling against each other.
Rhona O'Connell, Head of Market Analysis for EMEA and Asia at StoneX Financial Ltd., explains what the U.S. Treasury buyback statement did to bond yields, the dollar and the gold price.
A U.S. Treasury buyback program was expanded a day after federal debt crossed a record threshold, and the U.S. 30-year yield fell only modestly before the longer upward trend reasserted itself. The operation has been compared to Operation Twist, though it sits with the Treasury rather than the Federal Reserve, whose balance sheet is separate from U.S. debt to GDP. Attention now turns to Jackson Hole.
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0:00 Treasury Move Not a Fed Move
0:48 U.S. Debt Tops a Record Level
1:48 Bond Yields Dip but Trend Up
2:49 Fiscal Headroom Runs Thin
4:04 Gold Rises in Euro Terms Too
4:58 The Jackson Hole Tug of War
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#Gold #StoneX #RhonaOConnell #PreciousMetals
*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
Gold and Treasury yields have been rising together, with both responding to the same U.S. fiscal pressure rather than pulling against each other.
Rhona O'Connell, Head of Market Analysis for EMEA and Asia at StoneX Financial Ltd., explains what the U.S. Treasury buyback statement did to bond yields, the dollar and the gold price.
A U.S. Treasury buyback program was expanded a day after federal debt crossed a record threshold, and the U.S. 30-year yield fell only modestly before the longer upward trend reasserted itself. The operation has been compared to Operation Twist, though it sits with the Treasury rather than the Federal Reserve, whose balance sheet is separate from U.S. debt to GDP. Attention now turns to Jackson Hole.
Discover Actionable Insights with StoneX Market Intelligence: shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_rhona_o_connell&utm_content=share
0:00 Treasury Move Not a Fed Move
0:48 U.S. Debt Tops a Record Level
1:48 Bond Yields Dip but Trend Up
2:49 Fiscal Headroom Runs Thin
4:04 Gold Rises in Euro Terms Too
4:58 The Jackson Hole Tug of War
Like and subscribe for more financial market insights.
#Gold #StoneX #RhonaOConnell #PreciousMetals
*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk.
