Treasury Yields Decline Following Potential Buyback Funding Report
· Business · CNBC, Bloomberg
Treasury yields fell on Monday after a report indicated the U.S. Treasury might utilize its $1 trillion General Account to fund government bond purchases. The 10-year Treasury note yield dropped 4 basis points to 4.7%, while the 30-year yield decreased by 4 basis points to 5.23%. Treasury Secretary Scott Bessent recently introduced an extended debt buyback program intended to reduce pressure on the long-end of the yield curve. Officials did not disclose the specific amount of the General Account that would be allocated for these purchases. Traders are now awaiting the Jackson Hole Symposium, where Federal Reserve Chair Kevin Warsh is scheduled to deliver a keynote address on Friday.
Why it matters
Changes in Treasury yields influence borrowing costs across the U.S. economy, impacting everything from mortgage rates to corporate debt financing.
Read the original report — CNBC
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