Daily Market Updates: Treasury boosts longer-dated bond buying to curb rising yields

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Treasury boosts longer-dated bond buying to curb rising yields

The Treasury said it would double purchases of longer-dated bonds, helping pull yields lower and giving stocks some breathing room as U.S. debt surpassed $40 trillion.

Reported · Written up by our desk · Government Bonds

CNBC World reports that the U.S. Treasury moved to rein in bond yields by increasing its purchases of longer-dated securities.

According to the report, the decision to double longer-dated bond buying on Wednesday pushed yields lower.

The outlet adds that the move also offered stocks some breathing room amid concerns as U.S. debt swelled past $40 trillion.

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Sources

CNBC WorldCNBC Daily Open: Treasury attempts to rein in bond yields as U.S. debt swells past $40 trillion

Bonds & Rates

Treasury boosts longer-dated bond buying to curb rising yields

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