US Treasuries fall as longer-dated buybacks fail to ease debt concerns

The bond market move came after the Trump administration increased buybacks of longer-dated government debt, with some yields reaching 19-year highs.

U.S. Treasuries fell after the Trump administration increased buybacks of longer-dated bonds, as the move failed to ease concerns about rising government debt.

The decline came a day after the administration’s surprise decision to expand buybacks. Some Treasury yields reached their highest levels in 19 years, according to Bloomberg.

Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, and Stephanie Roth, chief economist at Wolfe Research, discussed the market reaction on Bloomberg Television.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

U.S. Treasuries fell after the Trump administration increased buybacks of longer-dated bonds, as the move failed to ease concerns about rising government debt.

The decline came a day after the administration’s surprise decision to expand buybacks. Some Treasury yields reached their highest levels in 19 years, according to Bloomberg.

Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, and Stephanie Roth, chief economist at Wolfe Research, discussed the market reaction on Bloomberg Television.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.