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Instant View: US Treasury will double some bond buy backs
- The U.S. Treasury will double liquidity-support buybacks for longer-dated bonds from $2bn to at least $4bn per operation (covering 10–20 and 20–30 year sectors) from Sept. 9 to Nov. 4.
- Thirty-year Treasury yields slid about 7–10 basis points from near 19-year highs, with the move also nudging the dollar lower.
- Officials say the step is meant to calm the long end of the market — easing concerns about higher borrowing costs, inflation risks and potential spillovers ahead of the midterms.
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