Treasury reveals $6B in debt buybacks, triple the normal level – but markets slump
The ramp-up in debt buybacks has largely been seen as an attempt to cap soaring Treasury yields, which have hit levels not seen since the 2008 market crash and pushed borrowing costs higher for consumers this summer.
Republican Ledger staff · 3:50 PM ET
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The ramp-up in debt buybacks has largely been seen as an attempt to cap soaring Treasury yields, which have hit levels not seen since the 2008 market crash and pushed borrowing costs higher for consumers this summer.
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