Treasury to double bond buybacks this fall

The U.S. Treasury Department announced Wednesday that it will buy back about twice the usual amount of its bonds to quell rising interest rates.

Treasury Secretary Scott Bessent announced Wednesday that the Treasury Department would at least double the size of its government debt buyback operations as the Trump administration seeks to contain rising borrowing costs. The Treasury said it will increase the maximum size of its buyback operations for longer-dated n

Yields on the longest US bond pulled back from their highest levels since 2007 after the announcement.

The action by Secretary Scott Bessent comes amid a selloff of longer-term U.S. government debt.

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-

US Treasury to double sizes of some debt buyback operations to at least $4 billion  Reuters

The 30-year Treasury yield fell nearly 9 basis points after hitting a 19-year high the prior session

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

Sharp sell-off in recent weeks has sent borrowing costs soaring