The Treasury Buyback Experiment: Can the U.S. Government Really Lower Borrowing Costs? 

The Treasury Buyback Experiment: Can the U.S. Government Really Lower Borrowing Costs? 

ByMarketFacts

Introduction The U.S. Treasury has taken an unusual step to address rising long-term borrowing costs: buying back outstanding Treasury bonds.  The move comes as long-term yields have risen sharply, with the 30-year Treasury yield recently reaching levels not seen since 2007. On August 19, the Treasury announced that it would double the size of certain…

Canada’s Housing Affordability Crisis: Policy Failure or Supply Shock?

Canada’s Housing Affordability Crisis: Policy Failure or Supply Shock?

ByMarketFacts

Canada’s housing affordability challenge has evolved from a cyclical imbalance into a structural economic issue. Home prices and rents surged dramatically following the pandemic, but even as interest rates rose sharply, affordability has not meaningfully improved. This raises a central policy question: Is Canada’s housing crisis primarily the result of policy missteps, or is it fundamentally a supply shock?