Bonds steady after US Treasury comes to the rescue

SINGAPORE: Global bonds steadied on Thursday (Aug 20) after the US Treasury stepped in to stem a rout in its bond market, soothing investor nerves and sending the dollar lower while stocks climbed.The US Treasury announced overnight it will double buyback sizes for long-duration debt, as it sought to stanch an upward m

Bonds steady after US Treasury comes to the rescue  Reuters

Move reflects Washington’s concerns about sharp rise in borrowing costs, investors say

Yields, at recent highs this week, dropped after treasury’s vow to ‘provide greater liquidity support’ to bond market The US treasury is doubling its buyback of government debt in an effort to balance out the bond market and counterbalance investor concern over high inflation. The yield rate on 10-year, 20-year and 30-

The Treasury Department said Wednesday that it will more than double the size of government-debt buybacks, sending yields sharply lower and stocks higher at the market open.

watch nowThe Treasury Department on Wednesday said it will more than double the size of its government debt repurchases, sending yields sharply lower at a time of substantial market stress.With fixed income markets under pressure and yields surging to levels not seen in nearly 20 years, the announcement targets the sen