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Treasury to more than double government-debt buybacks

The Treasury said it will expand buybacks, a move that helped push yields sharply lower and lift stocks at the market open, according to MarketWatch.

Reported · Written up by our desk · Government Bonds

The U.S. Treasury said Wednesday it will more than double the size of government-debt buybacks, easing pressure in the bond market.

MarketWatch reported that the announcement sent yields sharply lower and helped lift stocks at the market open.

The report also points to what could come next as investors adjust to the change in the Treasury’s buyback pace.

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