Lance Roberts says the U.S. debt buyback program is not QE but a maturity swap similar to Operation Twist: issuing short-term debt to buy longer-dated bonds. He

BWB News TV • 2026-08-20 11:01 UTC • By Billy Odell Tucker-Robinson

Lance Roberts says the U.S. debt buyback program is not QE but a maturity swap similar to Operation Twist: issuing short-term debt to buy longer-dated bonds. He says it is a familiar mechanism, not a new policy shift.

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