U.S. equities moved lower on Sept. 9, while Treasury yields pushed higher, according to market data from BIT (bit.com). The 10-year U.S. Treasury yield climbed above 4.85%, and the 30-year yield rose past 5.30%. At the same time, the U.S. dollar index moved sharply higher and spot gold fell sharply.
On the policy side, the U.S. Treasury said it will buy back up to $6 billion of long-dated bonds on Thursday. Earlier, the department had said that before Nov. 4, the size of each long-bond buyback operation would at least double to $4 billion. The market move and the Treasury’s debt operation update were reported together in the latest BlockBeats market brief.
U.S. stocks traded lower on Sept. 9, while Treasury yields moved up, according to market data from BIT (bit.com). The 10-year U.S. Treasury yield climbed above 4.85%, and the 30-year Treasury yield rose past 5.30%. The U.S. dollar index jumped in a sharp move, while spot gold fell sharply.
U.S. Treasury announces long-bond buyback
On the news front, the U.S. Treasury said it will buy back up to $6 billion of long-dated bonds on Thursday. Earlier, the department had said that before Nov. 4, the size of each long-bond buyback would at least double to $4 billion.
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