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He Treasure The United States announced that it will buy up to $6 billion in long-term public debt in the first operation of an expanded buyback program, highlighting the secretary’s determination Scott Bessent to curb the recent increase in costs of indebtedness.
The maximum volume triples the figure of US$2 billion initially communicated to investors. That plan was scrapped in a surprise announcement on August 19, when the Treasure He said it would “at least double” the size of such operations.
Some operators had raised their forecasts for the operation of buyback Thursday after Bessent will publicly highlight the possibility of making purchases for more than US$4,000 million. He treasury secretary reiterated on Tuesday that, while it cannot alter the “equilibrium” price of the bonds of the Treasureits objective was to slow the movements and prevent a damaging narrative from taking hold in the largest bond market in the world.
The bonuses of Treasure they expanded the falls that they previously recorded after the announcement, and the yield on 10-year securities rose four basis points, 4.83%.
