Odaily Planet Daily reports, according to Reuters, the U.S. Department of the Treasury will repurchase up to $6 billion in U.S. Treasuries with maturities of 10 to 20 years on September 10, three times the size of its previous long-term bond buyback operation. The Treasury previously stated it would at least double the scale of long-term bond repurchases over the next quarter to improve market liquidity. Prior to this announcement, U.S. Treasuries faced heavy selling, pushing the 30-year yield to its highest level since 2007; following the announcement, Treasury yields continued to rise, with the 10-year yield briefly reaching 4.8528%, the highest since November 2023.
U.S. Treasury to Repurchase Up to $6 Billion in 10- to 20-Year Bonds, Triple Previous Size
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Summary
The U.S. Treasury will repurchase up to $6 billion in 10- to 20-year bonds on September 10, tripling the previous buyback size. The move aims to enhance market liquidity, with long-term repurchase volumes set to increase by at least 50% in the next quarter. Prior to the announcement, 30-year bond yields reached a 2007 high, while 10-year yields rose to 4.8528%, the highest since November 2023. Traders are now evaluating the risk-reward profile of fixed income versus value investing in crypto.
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