Treasury expands bond buybacks for older 10-Year and 30-Year securities
Treasury expanded bond buybacks for older 10-Year and 30-Year securities, aiming to improve liquidity and ease pressure on longer-term yields.
Bob Iaccino covers the morning's market action as equities open lower and safety assets attract bids. He breaks down Treasury’s expanded buyback program for older 10-Year and 30-Year securities, aimed at improving liquidity and easing pressure on longer-term yields. He also previews the upcoming ECB rate decision, where markets expect a 25 bps rate hike after a recent jump in inflation, and outlines the heavy slate of earnings, auctions and economic data ahead.