US Treasury to boost long-term bond purchases in bid to steady market

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

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

US Treasury Secretary Bessent doubles US long-bond buybacks in the face of surging yields  Reuters

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-

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

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