US buys back up to $6 billion in long-term bonds
Scott Bessent busca estabilizar el mercado de deuda pública con un programa ampliado de recompras. Leer
The US Treasury Department has announced it will repurchase $6 billion of US public debt, an increase from its previous plan, in an effort to stabilize the market. This move is part of an expanded buyback program announced by Scott Bessent, aimed at supporting the $32 trillion US Treasury debt market. The program's goal is to counter recent sales of long-term US debt, which have driven up yields, with the 10-year benchmark bond yield rising to 4.85%, its highest level since late 2023.
The buyback program has received criticism on Wall Street, with investors questioning its effectiveness in reducing bond yields and potentially undermining the Treasury's credibility.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
