Treasury to Repurchase $6bn of Debt to Curb Rising Yields
The US Treasury has tripled its bond repurchase program to $6bn to stabilize markets, though yields have continued to rise as oil prices spike above $100 due to escalating conflict in the Middle East. Analysts warn that prolonged geopolitical tension could increase financing costs for Gulf states reliant on US dollar pegs.
Market reaction has been mixed, with the 10-year Treasury yield climbing past 4.83% and the 30-year note edging up to 5.29% despite the expanded buyback program. The move coincides with Brent crude breaching the $100 mark on renewed tensions in the Gulf, raising concerns over borrowing costs in dollar-pegged sovereign economies.
Source: GN auto markets/bonds: treasury yieldsThe US Treasury will buy back $6bn of government bonds to counter a persistent sell-off and stabilize the market.
Source: GN auto markets/bonds: bond yields
