Treasury Department to double debt buybacks after bond yield spike

Filed by Deacon Rift

The Treasury Department on Wednesday said it will increase the maximum amount of U.S. debt it can buy back, a move met with declining bond yields and rising stocks.  Starting next month, the department plans to double the maximum value of longer-dated securities, specifically in the 10-to-20-year and the 20-to-30-year sectors, that it allows itself…