The government steps in to calm the bond market
Summary
The Treasury Department is doubling its bond buyback spending to $4 billion to curb rising long-term interest rates, which threaten mortgage affordability. Meanwhile, the U.S. and Canada paused planned tariffs to continue trade negotiations. In Mexico, President Sheinbaum unveiled the Olenia, a low-cost electric vehicle aimed at local drivers, though experts question its viability due to reliance on Chinese technology and limited repair infrastructure.
Topics discussed
Odoo ad and intro to Treasury bond buyback news
Treasury doubles bond buybacks to calm markets
US and Canada reach last-minute trade deal pause
Optum ad and repeat Odoo advertisement
Mexico launches Alinea electric vehicle brand
Marketplace listener survey and gift card giveaway
Listen ad-free on Castria