Business & Finance
Dollar Tumbles as Treasury Buyback Unleashes Bond-Market Rally
Key Points
The dollar tumbled by the most in three weeks to its weakest level since mid-May after the bond market rallied on the US Treasury Department’s unexpected announcement that it is increasing buybacks of long-dated bonds.
The dollar tumbled by the most in three weeks to its weakest level since mid-May after the bond market rallied on the US Treasury Department’s unexpected announcement that it is increasing buybacks of long-dated bonds.