US futures little changed after US Treasury doubles bond buybacks

U.S. futures are relatively unchanged after the U.S. Treasury Department said it would at least double the size of planned purchases of longer-term government debt

Strategists Jay Barry and Jason Hunter are predicting fallout from the Treasury’s move that they see as not even needed.

The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.

Bond yields edged higher after pulling back sharply during Wednesday's session.

U.S. Stocks Up as Treasury Buybacks Calm Bond Yields; Moderna Surges  wsj.com

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

Bitcoin Approaches $70,000 After Treasury Announces Buyback Expansion  Forbes

The Treasury Department on Wednesday said it will increase the maximum amount of U.S. debt it can buy back, a move met with declining bond yields and rising stocks.  Starting next month, the department plans to double the maximum value of longer-dated securities, specifically in the 10-to-20-year and the 20-to-30-year

Bitcoin rises after the US Treasury doubles bond buybacks. Lower yields, a weaker dollar and liquidity hopes boost BTC, crypto and gold amid inflation fears.

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

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

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

Inflation accelerated to 2.9 per cent in July following the increase to the energy price cap, according to figures from the Office for National Statistics.