The US Treasury on Wednesday said it would double the size of buybacks for 10- to 30-year government debt securities to at least $4 billion per operation, providing a temporary relief from a weeks-long rise in yields that had unsettled global investors, Reuters reported.
The increase from the previously planned $2 billion buybacks will apply to securities in the 10-year to 20-year and 20-year to 30-year segments. The change will be take effect from September 9 till November 4, the department said.
