Treasury buyback expansion lifts SPY, QQQ and IWM
SPY extends gains, QQQ rises 0.5% and IWM is up about 1% as stock futures rise and bond yields fall after headlines that Treasury is increasing buyback operations for longer-dated nominal coupon securities.
SPY extends gains +0.5% QQQ +0.5% IWM up about 1% as stock futures rise as bond yields fall after headlines the U.S.
Department of the Treasury is increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (the 10-year to 20-year sector and the 20-year to 30-year sector).