The U.S. Treasury Department announced Wednesday that it will buy back about twice the usual amount of its bonds to quell rising interest rates.

Higher bond yields raise concerns over US borrowing costs and fiscal pressures

Treasury yields climbed this week, with yields on 10-year, 20-year, and 30-year Treasury notes reaching their highest levels in years.

The US Treasury has doubled planned buybacks of longer-dated bonds to at least $4 billion per operation, seeking to ease liquidity pressures after the 30-year Treasury yield hit…

US Treasury doubles bond buybacks to $4B. Fed pause in next three meetings at 73.5% YES.