U.S. Treasury triples long-bond buybacks to $6B as yields rise
U.S. Treasury said it will repurchase up to $6 billion of longer-dated notes in Thursday’s operation, tripling the size of its last long-end buyback. Yields climbed Wednesday.
S. Treasury yields climbed Wednesday after the Treasury Department said it will repurchase up to $6 billion of longer-dated notes in Thursday’s operation, tripling the size of its last long-end buyback. The purchase targets 10- to 20-year securities and exceeds the “at least $4 billion” floor Treasury set for the program.