The Treasury Will More Than Double Its Government Debt Repurchases. Yields Are Sharply Lower.

The Treasury Department will more than double the size of government debt repurchases. (Credit: DOMINIC GWINN/Middle East Images/AFP via Getty Images)

The Treasury Department will more than double the size of government debt repurchases, sending yields lower on Wednesday.

The Treasury will specifically target the 10-to20-year and 20-to-30 year portion of the market, which had practically not seen buyers since late June. The maximum size of repurchases will be of at least $4 billion, the department said.