U.S. Treasury Triples Long-Term Debt Buybacks to $6 Billion as Yields Surge and Brent Crude Crosses $100
WASHINGTON — In an aggressive maneuver to stabilize the world’s most critical debt market, the U.S. Department of the Treasury announced on Wednesday, September 9, that it would buy back up to $6 billion in long-dated government debt. The operation, executed the following day, tripled the Treasury’s normal buyback volume and exceeded even the expanded…
