Feds to buy up to $6 billion in Treasury bonds in move to ease borrowing costs
U.S. Treasury Secretary Scott Bessent said on Wednesday that the agency will buy up to $6 billion in long-term government bonds as part of an effort to curb rising yields and ease borrowing costs. The Treasury Department vowed last month to “at least” double its bond buybacks to $4 billion to prop up prices (bond yields. Higher…