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Stocks and bond yields swing as Treasury expands buyback capacity

The Treasury move aimed to increase the amount of debt it can repurchase from investors, helping ease perceived bond market stress as yields fell and equities rose.

Reported · Written up by our desk · Government Bonds

The U.S. Treasury Department took steps to reduce stress in the government bond market by expanding how much debt it can buy back from investors, according to the New York Times Business.

Following the announcement, government bond yields fell while stocks rallied, reflecting improved conditions in Treasuries alongside gains in equities.

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