US Treasury to Buy Back $6bn in Government Debt to Ease Bond Market
Scott Bessent made the announcement as yields rose to their highest since the 2008 financial crisis, according to The Guardian.
The US Treasury will buy back $6bn worth of government debt in an effort to ease a selloff in the bond market, Treasury Secretary Scott Bessent announced Wednesday, according to The Guardian.
The move came as bond yields rose to their highest point since the 2008 financial crisis, according to the report.
Sources
- US treasury to buy back $6bn in government debt to alleviate bond market — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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