The Zhitong Finance App learned that the US Treasury Department announced on Wednesday that it will buy 6 billion US dollars of US Treasury bonds through a repurchase operation, which is three times the scale of a regular repurchase operation. The Treasury Department said the move was aimed at improving the liquidity of the US Treasury bond market and maintaining the smooth operation of the market. However, against the backdrop that long-term US bond yields had previously risen to a rare high level since before the 2008 global financial crisis, this drastic expansion of the scale of repurchases is also viewed by the market as the latest move by the Treasury Department to “cool down” US bond yields, which continue to rise.

The Zhitong Finance App learned that the US Treasury Department announced on Wednesday that it will buy 6 billion US dollars of US Treasury bonds through a repurchase operation, which is three times the scale of a regular repurchase operation. The Treasury Department said the move was aimed at improving the liquidity of the US Treasury bond market and maintaining the smooth operation of the market. However, against the backdrop that long-term US bond yields had previously risen to a rare high level since before the 2008 global financial crisis, this drastic expansion of the scale of repurchases is also viewed by the market as the latest move by the Treasury Department to “cool down” US bond yields, which continue to rise.