16 Hrs
Source:
الخليج
Dollar declines amid bond market efforts
The dollar sharply declined, approaching its lowest levels in three months, due to the U.S. Treasury Department's measures to calm the bond market, which had seen an increase in long-term bond yields. The 30-year Treasury bond yields reached their highest level in 19 years at 5.337%. The department announced it would double its buybacks of long-term bonds to support liquidity and lower yields, as the market faces concerns over inflation and the possibility of interest rate hikes. This resulted in the dollar index stabilizing at 98.938, while yields on 30-year bonds declined and expectations remain for more short-term debt issuance amid weak demand for longer-term securities, amid ongoing tensions related to inflation and interest rates.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)