Treasury doubles long-bond buybacks, pushing 30-year yield down 9 bps
What's new: The larger purchases start Sept. 9 and run through Nov. 4, targeting the 10- to 30-year sector under heavy stress.
The Business Times (Singapore), CNBC +1
Series
US Treasury · Long Bond Yield Surge
30-year Treasury yield hits 5.31%, highest since 2007
Why it matters: Higher long-term rates are lifting federal borrowing costs as US debt nears $40 trillion and deficits approach $2 trillion.