The Dow dropped 700 points and S&P 500 fell 0.8% after the US Treasury's surprise bond buyback expansion failed to keep yields down amid $40

NEW YORK, Aug 19 : Longer-dated global bond yields retreated from multi-decade highs, the dollar tumbled and gold jumped on Wednesday after the U.S. Treasury Department said it…

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…