Bond market rebuffs US treasury’s plan to buy back $6bn in government debt
Originally published by The Guardian
Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisis US politics live – latest updates The US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market. Scott Bessent, the treasury secretary, announced the US would buy back $6bn worth of government debt – treasuries – in an effort to alleviate a selloff in the US bond market that has put pressure on interest rates. Continue reading...
Original reporting
Read the full story at the original publisher
PulsePress is a news discovery platform. We bring headlines from multiple publishers together so you can discover stories in one place. The complete reporting remains with the original publisher.
Read original article →