U.S. Treasury repurchases $6B in bills
The U.S. Treasury Department announced the repurchase of $6 billion worth of government bonds, three times the usual amount, to support liquidity in the bond markets and curb yields. Although the aim is to maintain stability in the debt market, this action led to the 10-year Treasury yield rising to 4.849%, a level not seen since before the 2008 financial crisis. There are also expectations that the repurchase volume will increase to $8 or $10 billion in the near future. The buyback operations are expected to take place on Thursday and last for 20 minutes.
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