US treasury doubles debt buyback to steady bond market amid inflation fears

Interest rates, now sitting at about 3.5-3.7%, expected to go up if inflation doesn’t come down to Fed’s 2% target The US treasury is doubling its buyback of government debt in an effort to balance out the bond market as officials at the US Federal Reserve remain divided over how to deal with high inflation. The yield rate on 10-year, 20-year and 30-year treasury notes all hit 20-year highs this…