All articles tagged with #bond buyback
U.S. Treasury yields surged after the Treasury announced a $6 billion buyback of long‑dated bonds, a size investors deemed too small to meaningfully ease liquidity, pushing the 10-year above 4.85% and the 30-year toward 5.3%. Analysts blamed the disappointing size, along with factors like higher oil prices and rising borrowing needs, for the move and noted ongoing Fed rate‑hike expectations ahead of upcoming CPI data.
Apple launches the foldable iPhone Duo at $1,999 amid crease durability chatter; the U.S. Treasury doubles long-dated bond buybacks to up to $6 billion to keep markets liquid; Brent crude climbs past $100 and WTI nears $96 as oil markets rally; Trump’s energy holdings rise by roughly $1.5 million to $4.4 million; and AI-safety concerns resurface after a prominent researcher resigns from Anthropic/OpenAI.
The U.S. Treasury will announce the size of a long-dated debt buyback—expected to be at least $4 billion, with analysts predicting $5–6 billion or more—focusing on 10- and 20-year notes. Secretary Scott Bessent has warned markets by saying he is the house now, signaling an aggressive tool to cap yields and stabilize markets, including a related yen intervention. The actual buyback will run Thursday after the announcement, and analysts warn a larger program could raise questions about Treasuries’ credibility while markets await demand data from holders.
The Treasury unveiled plans to double the size of long-term bond buybacks to remove illiquid issues, a move analysts say could keep yields contained while effectively reducing long-term debt supply. Markets are interpreting this as a potential pivot away from strict strong-dollar orthodoxy, reigniting debate over the U.S. stance on currency value amid fiscal pressures and policy uncertainty.
Longer-dated U.S. Treasuries steadied Friday as jitters over the Treasury’s extended debt-repurchase program and high federal debt weighed on markets. The 30-year yield was around 5.246%, the 10-year about 4.694%, and the 2-year roughly 4.185%. Thursday’s move higher in yields followed Treasury Secretary Scott Bessent’s aggressive buyback intervention aimed at easing pressure at the long end, with investors weighing Fed credibility against supply pressures from the government and hyperscalers.
Japan is considering buying back some of its long-term government bonds to control rising yields, alongside plans to reduce new issuance of super-long bonds, as part of efforts to stabilize the bond market amid increasing yields and market volatility. The decision will follow meetings with market participants and requires government approval, with the Bank of Japan also contemplating adjustments to its bond tapering policy.
Adani Ports, India's largest private port operator, has announced its first bond buyback since a short seller attack in June. The company plans to buy back up to $300 million of its dollar-denominated bonds, as part of its financial strategy to reduce debt and improve its credit rating.
UBS is offering to buy back $3 billion of bonds issued days before its acquisition of Credit Suisse Group AG, in an effort to calm concerns over the risks of the deal. While shareholders have cheered UBS picking up its rival at a very cheap price, its bond prices have dropped in recent days and credit ratings companies have lowered their outlook on the bank’s debt. UBS’s credit risk has been jolted since concern over Credit Suisse’s fate, and the role UBS would play in it, roiled global markets.