Treasury Doubles Long-End Buybacks as Bitcoin and US Stocks Advance

The U.S. Treasury will at least double the maximum size of its buybacks for older long-term bonds to $4 billion per operation, a move that helped push yields lower and supported U.S. stocks, bitcoin and gold on Wednesday morning. The larger limit applies to liquidity-support buybacks in the 10- to 20-year and 20- to 30-year […]