U.S. Treasury doubles bond repurchases
The U.S. Treasury Department has doubled its government bond purchases aimed at supporting liquidity and reducing pressure on the bond market; it increased the maximum from $2 billion to $4 billion, leading to a significant decline in yields on 10-year and 30-year bonds. The adjustments, which began on September 9 and will continue until November 4, targeted long-term bonds between 10 and 30 years to boost demand, although some experts believe they do not change market fundamentals and are an attempt to manipulate the yield curve.
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