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المشهد العربي
Treasury Secretary open to debt limit actions
The American Treasury Secretary, Scott Biesent, stated that the amount may exceed $4 billion in long-term government bond repurchase operations, aiming to reduce the sharp increase in yields witnessed by these bonds. He confirmed that the department is seeking to create a more stable market for long-term bonds and possesses multiple tools to intervene, sending a message to investors that current yields do not reflect the true economic situation. This comes after doubling the repurchase ceiling from $2 billion to $4 billion, which led to a temporary decline in yields and reflects the severe weakness in the 30-year bond market, prompting the department to continue interventions to ensure market stability.
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