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US Aims to Buy Back Up to $6 Billion in Longer-Dated Treasuries

Source: Bloomberg

Interest Rates & YieldsMonetary PolicySovereign Debt & RatingsCredit & Bond Markets

The US Treasury will buy up to $6 billion of longer-dated government debt on Thursday, marking the first operation in Treasury Secretary Scott Bessent's expanded purchase program. The intervention is intended to curb the recent increase in government borrowing costs, providing near-term support for longer-maturity Treasury prices and downward pressure on yields.

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