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Treasury yields retreat after debt repurchase plan expanded

The Treasury Department said it will double the size of its government debt repurchases, helping ease pressure from recent multi year yield highs.

Reported · Written up by our desk · Government Bonds

Treasury yields pulled back on Wednesday after the U.S. Treasury said it will expand its government debt repurchase activity, according to CNBC Markets.

The development came after yields had reached multi year highs earlier in the week, as investors reassessed the potential impact on Treasury supply and market liquidity.

CNBC Markets reported that the retreat in yields followed the announcement, which reduced some of the momentum built during the earlier selloff.

The move underscores how Treasury operations can quickly affect rate expectations and trading conditions across the yield curve.

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