US Treasury to Increase Buybacks of Longer-Term Bonds

The U.S. Treasury said Wednesday it will buy back more of its longer-term bonds, according to the Wall Street Journal. The move is aimed at curbing a sharp increase in borrowing costs.

By expanding purchases of longer-dated securities, the Treasury seeks to support the long end of the market and ease financing pressure. The report did not include specific amounts or maturities in the excerpt.

The announcement highlights official concern over rising long-term borrowing costs and may reinforce demand for longer-dated Treasuries.