Dollar Tumbles as Treasury Buyback Unleashes Bond-Market Rally
The dollar tumbled by the most in three weeks to its weakest level since mid-May after the bond market rallied on the US Treasury Department’s unexpected announcement that it is increasing buybacks of long-dated bonds.
Treasury buybacks and Fed rate hike signals roil bond market
- Bessent boosts debt buybacks after climb in Treasury yields Financial Post —
- US Treasury to double long-term bond purchases Semafor —
- Bond yields plunge after Treasury announces surprise move to ease rising rates NBC News —
- Global bond slump sends long term borrowing costs to highest in decades Business Standard —
- Bond yields fall, markets rally after Treasury doubles debt buybacks Washington Post —