US treasury to buy back $6bn in government debt to alleviate bond market
U.S. Treasury officials announced a $6 billion buyback of Treasury securities aimed at easing pressure on the bond market. The plan, disclosed by Scott Bessent on Wednesday, comes as yields have climbed to levels not seen since the 2008 financial crisis. The repurchase is intended to improve liquidity and support market stability. The operation will be executed over the coming weeks through open market purchases.