Torsten Slok on Treasury Debt Buybacks and Fed Policy Outlook

Bullish Gator

Apollo’s chief economist explains U.S. Treasury buyback effects and Fed monetary policy outlook in interview with Bloomberg.

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What stands out

Torsten Slok, chief economist at Apollo Global Management, told Bloomberg that the US Treasury’s strategic debt buybacks are changing the supply of high-quality collateral and nudging Federal Reserve policy choices. That matters because fewer new Treasuries can lift bond prices, alter yield curves, and shift where managers like Apollo deploy leverage and capital. Hearing this from Apollo matters for investors in credit and in the firm itself, since Apollo sits on both sides of how buybacks and rate trajectory translate into performance.