The market shrugged off the Treasury Department’s attempt to lower long-term bond yields, raising the question of what the Trump administration might do next.
Yields on 30-year Treasury securities have recently pushed to levels not seen in some two decades, a sign that investors might be growing increasingly concerned about the government’s fiscal health. In response, the Treasury announced it would “at least double” the size of its debt buybacks from $2 billion to $4 billion.
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