U.S. 30-year Treasury yield tops 5.30% as buyback begins

  • U.S. Treasury yields rose above 5.30% for 30-year government debt.
  • The 30-year yield gained 5 basis points intraday, nearing its recent high.
  • U.S. Treasury said its first expanded buyback operation would purchase up to $6 billion of long-term bonds.

The U.S. 30-year Treasury yield rose above 5.30%, gaining 5 basis points during the day and approaching its recent high. At 23:00 Beijing time, the U.S. Treasury said it would purchase up to $6 billion of long-term government bonds in the first operation under its expanded Treasury buyback program. A buyback removes government debt from the market and is intended to support liquidity in targeted securities.

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