US Treasury Triples Long-Term Debt Buybacks to $6B to Curb Yield Rise

The US Treasury is tripling its long-term debt repurchase program to $6 billion, a move aimed at easing upward pressure on borrowing costs. This signals active management of the yield curve by Secretary Bessent, likely in response to recent rate increases. The effectiveness of this measure in stabilizing yields remains uncertain, but it indicates a policy shift toward more aggressive debt management.