JQJO — Latest news · Page 502

The United States Department of the Treasury announced a significant expansion of its government debt buyback program on Wednesday to stabilize the sovereign bond market after long-term yields spiked to two-decade highs. Treasury Secretary Scott Bessent revealed that maximum liquidity support buybacks will double from two billion dollars to at least four billion dollars per operation. These repurchased securities will specifically target nominal U.S. Treasury maturities ranging from ten to thirty years. The emergency action takes effect on September ninth and runs through November fourth, following a severe public market sell-off. Thirty-year bond yields recently surged to 5.34 percent, their highest mark since 2007, driven by persistent inflation concerns, high global oil prices, and massive corporate debt issuance for artificial intelligence infrastructure. Immediately following the announcement, long-term bond yields retreated sharply, with the thirty-year yield falling fifteen basis points to 5.19 percent as equity futures advanced across major financial markets.