The U.S. Treasury Department on Wednesday announced it would purchase up to $6 billion in long-dated government bonds in its first buyback operation under the expanded program, tripling the standard $2 billion size and exceeding the $4 billion floor communicated in August.
The market reaction was decisively negative for bonds. The benchmark 10-year Treasury yield ($TNX) surged to approximately 4.85%, its highest level since November 2023, while the 30-year yield climbed back toward 5.30%, approaching the 19-year high of 5.34% reached last month.
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#treasury #crude
The market reaction was decisively negative for bonds. The benchmark 10-year Treasury yield ($TNX) surged to approximately 4.85%, its highest level since November 2023, while the 30-year yield climbed back toward 5.30%, approaching the 19-year high of 5.34% reached last month.
Crude Oil Prices Rise as Global Supplies Tighten
Abundant US Nat-Gas Supplies Pressure Prices
Crude Oil Prices Soar on Escalation of Middle East Hostilities
#treasury #crude
3 days ago
