In a rare move, the US government has stepped directly into the bond market as a buyer. It's a strategy that could signal Washington's growing unease over its debt load, as well as what it says about the market's mechanics.
The US Treasury announced a surprise move to at least double its government bond buybacks, raising operations to stabilise soaring long-term borrowing costs and support market liquidity.
Despite what it might look like, the operation in question wasn't quantitative easing in the classic sense, usually driven by the Federal Reserve.
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