U.S. Treasury Sets $6B Long-Bond Buyback as Yields Test Multi-Year Highs

TLDR: U.S. Treasury will buy back up to $6B of 20- to 30-year bonds on Sept. 24, with settlement Sept. 25. The 30-year Treasury yield reached 5.38%, nearing 5.40%, its highest level since 2007 earlier this month. The 10-year yield climbed above 5.12% as stronger U.S. business activity supported higher-rate expectations. Bitcoin fell below $84,000 [...]

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