Investors remained cautious after the U.S. Treasury announced a sharp increase in the size of its planned long-dated bond repurchase, with the move doing little to ease concerns over rising government debt and elevated borrowing costs, Reuters reported.
The Treasury said on Wednesday it would purchase up to $6 billion of debt maturing in 10 to 20 years in its next buyback operation, triple the previous maximum of $2 billion. The amount was also above the $4 billion minimum Treasury Secretary Scott Bessent had outlined last month as part of efforts to improve liquidity in longer-dated government bonds, Reuters reported.
