The U.S. Treasury has doubled its planned buybacks of longer-dated government debt to at least $4 billion per operation, easing pressure on long-term bond yields but raising questions over its growing influence on financial conditions and the Federal Reserves monetary policy strategy.

While larger Treasury buybacks are squeezing steepener trades and prompting a short-covering rally in the long-end, the burden of driving markets ultimately remains with the Fed...

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

U.S. to Buy Back More Longer-Term Bonds

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

U.S. to Buy Back More Longer-Term Bonds

U.S. to Buy Back More Longer-Term Bonds

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.