Friday, August 21
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Culture Prime Video commits more than $2 billion to Latin American productionScience A python named Jodie Foster becomes the first snake treated with electrochemotherapyWorld Landslide at an illegal gold mine kills 13 in southwest ColombiaScience DR Congo's Ebola outbreak passes 5,000 cases as a vaccine that may not work arrivesBusiness Treasury steps into the bond market, testing the Fed's independenceWorld Panama Canal cuts daily ship traffic as a record El Nino bears downBusiness Walmart raises its outlook and says a $2.4 billion tariff refund will go to lower pricesSports Texans lose Jayden Higgins to a torn ACL for the seasonCulture Prime Video commits more than $2 billion to Latin American productionScience A python named Jodie Foster becomes the first snake treated with electrochemotherapyWorld Landslide at an illegal gold mine kills 13 in southwest ColombiaScience DR Congo's Ebola outbreak passes 5,000 cases as a vaccine that may not work arrivesBusiness Treasury steps into the bond market, testing the Fed's independenceWorld Panama Canal cuts daily ship traffic as a record El Nino bears downBusiness Walmart raises its outlook and says a $2.4 billion tariff refund will go to lower pricesSports Texans lose Jayden Higgins to a torn ACL for the season

Topic: bond-market

The United States Treasury Building in Washington
Business
Friday, 8/21, 12:43 AM

Treasury steps into the bond market, testing the Fed's independence

  • Washington has doubled the size of its bond buybacks to push down long-term borrowing costs, after the 30-year Treasury yield hit a 19-year high.
  • The move worked for a day.
  • It also put the Treasury in territory that normally belongs to the Federal Reserve, and the new Fed chair has spent his career arguing that markets, not officials, should set long rates.

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