U.S. Treasury Ups Buybacks, Treasury Yields Still Rebound

The U.S. Treasury announced that starting next month, it will increase the single buyback size of long-term Treasuries from $2 billion to $4 billion. However, according to AP, long-term yields subsequently climbed again, with the 30-year yield nearing 5.3% once more. This indicates that market concerns over U.S. debt supply, inflation, and interest rate outlook have not quickly dissipated despite official buybacks. Treasuries, the dollar, gold, and global risk assets may continue to face pressure. Source: AP https://(apnews.com)/article/c6e148f8235a98245adf04b2d4bdd8d1