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Treasury announces upscaled buyback operation for longer-term debt, sending yields lower

Key Points

The Treasury Department on Wednesday said it will more than double the size of its government debt repurchases, sending yields sharply lower. With fixed income markets under pressure and yields surging to levels not seen in nearly 20 years, the announcement targets a sensitive part of the Treasury market. This is breaking news.

The Treasury Department on Wednesday said it will more than double the size of its government debt repurchases, sending yields sharply lower. With fixed income markets under pressure and yields surging to levels not seen in nearly 20 years, the announcement targets a sensitive part of the Treasury market. This is breaking news. Please refresh for updates.
Treasury (ORG) The Treasury Department (ORG)
Originally published by CNBC Read original →