Uber and Zipline partner to launch Uber Eats drone deliveries in Dallas and Houston by late 2026, aiming to scale nationwide and hit 1M daily deliveries in 2029 (Kelly Cloonan/Wall Street Journal)
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The US Treasury Department is increasing its purchases of long-term Treasury bonds by more than double, in response to the recent surge in yields on the Treasury market. The yield on 30-year US government bonds temporarily reached its highest level in nearly 20 years, causing immediate calm in the market. Treasury bond prices rose, and yields fell significantly.
However, these purchases are not a new quantitative easing program by the Federal Reserve. Instead, the Treasury aims to improve the liquidity and functionality of the market. For Wall Street, the move is positive in the short term, as falling long-term yields ease pressure on technology and growth stocks. At the same time, the intervention highlights how nervousness currently exists regarding rising US government debt and high financing costs.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Wall Street: US Treasury supports bond market, yields fall handelsblatt.com
