Published Aug 21, 2026, 12:36 PM ET · Updated 3 months ago · 1 source

US Treasury bond buyback announcement fails to sustain long bond rally

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Original Report

The US Treasury's unexpected announcement to double 10 and 30-year bond buybacks initially rallied long bonds, but they quickly gave back gains, with the 10-year finishing higher than before the announcement, indicating a lack of sustained market confidence.