Treasury increases maximum buyback to $6 billion in effort to lower bond yields

The Treasury Department announced Wednesday it will triple the maximum amount of U.S. government debt it can buy back, part of its effort to tamp down surging bond yields. The Treasury will increase its buyback limit from $2 billion to $6 billion per operation, according to its updated buyback operations schedule. The department will repurchase...

The Treasury Department announced Wednesday it will triple the maximum amount of U.S. government debt it can buy back, part of its effort to tamp down surging bond yields. The Treasury will increase its buyback limit from $2 billion to $6 billion per operation, according to its updated buyback operations schedule. The department will repurchase...