Bond yields in the United States have climbed back on Thursday after briefly dipping when Treasury Secretary Scott Bessent said the government could buy back even more long-dated debt than the four billion dollars announced on Wednesday.
The thirty-year Treasury yield rose to above five-point-two-five per cent, while the ten-year yield climbed past four-point-seven per cent — reversing the relief rally that followed the buyback announcement.
Analysts have questioned whether the programme will make any real difference to the country's debt burden, which crossed the forty-trillion-dollar mark earlier in the week.
Jagruti Dave reports from Washington.
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Jagruti Dave in Washington says the Federal Reserve's latest meeting minutes reveal that most officials expected inflation to cool, but many feared it would remain elevated.
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Jagruti Dave in Washington says the Federal Reserve's July meeting minutes show that many officials believed inflation would remain elevated because of the war in Iran and US tariff policy.
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