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Stocks, bonds and gold rally after Treasury signals more bond buying
The move was seen by market participants as a major policy intervention to help curb surging yields, lifting multiple asset classes.
Treasury’s indication that it will buy more government bonds helped spark a broad rally across stocks, bonds, and gold, according to MarketWatch.
The outlet reported that former Dallas Fed bank supervision vice president Jill Cetina said the market viewed the signal as a significant intervention meant to prevent yields from continuing to rise.
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