Stock Market Today: Dow Opens Higher, Bond Yields Dive After Treasury Steps Up Buybacks
The U.S. Treasury Department announced Wednesday it will more than double its government debt buyback operations to at least $4 billion, sending 10-year yields down 6 basis points to 4.647% amid a buyers’ strike in longer-duration paper. Facing mounting fixed income pressure and surging yields not seen in nearly two decades, Treasury Secretary Scott Bessent … Read more