Global bonds recover after US Treasury boosts buybacks
Global bonds rebounded after the US Treasury doubled long-term debt buyback sizes to calm a recent market rout. The intervention lowered yields, weakened the dollar, and lifted Asian and European stocks.
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United States bonds rebounded during Thursday morning trading after the U.S. Treasury doubled buyback sizes for long-duration debt. The intervention soothed investor anxiety following a rout that drove the 30-year yield to its highest level since 2007. The policy shift triggered a drop in sovereign yields, a weaker dollar, and a broad rally across global equities.
