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U.S. Treasury Increases Bond Purchases
The U.S. Treasury Department announced that it will double its long-term government bond buyback operations from $2 billion to $4 billion, starting September 9th, in order to boost liquidity and reduce borrowing costs. This move comes amid rising yields on long-term Treasury bonds, which have reached 5.19% for 30-year bonds and 4.65% for 10-year bonds.
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