Bond Yields Rise After Treasury Reveals Buyback Details
Dow Jones
Sep 09
Bonds yields have ticked higher after the Treasury Department said it would buy up to $6 billion of longer-term debt at its Thursday buyback operation.
That number was generally in line with investors' expectations. However, there had been some speculation that the operation could be even bigger, and that the Treasury Department might even shift to buying a minimum amount of bonds rather than a maximum amount.
The yield on the 10-year Treasury note was recently 4.849%, according to Tradeweb, its highest intraday level since November 2023. The 30-year yield climbed back above 5.3%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.