🇺🇸 HUGE: Elizabeth Warren slams Treasury’s “chaotic” bond buybacks, and Bessent offers her “Foreign Exchange for Dummies.” Warren says the buybacks are failing, noting yields rose on the first two buyback days. The 10-year yield hit 5.34% on September 30, its highest since 2002, pushing up borrowing costs on everything from mortgages to car loans. Bessent fired back that the buybacks have been underway since May 2024 and are “well received by market participants.” He said her letter adds to the “evidence of your complete paucity of knowledge about financial markets.” He even offered her “Fixed Income for Dummies” if she gets “a passing grade on the Yale metric, not the Harvard curve.”