US Treasury to buy 6B in bonds
The US Treasury announced plans to buy up to six billion dollars in long-term bonds during Thursday's buyback operation. Benchmark yields rose following the news, with ten-year yields reaching their highest level since November 2023.
The United States Treasury will buy up to $6 billion in 10- to 20-year bonds during Wednesday afternoon's buyback operation. The purchase triples the size of the department's previous long-dated operation. The department is targeting older, less liquid securities to support market liquidity.
