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SAN DIEGO, CA / ACCESSWIRE / February 29, 2024 / General Atomics Aeronautical Systems, Inc. (GA-ASI) flew the XQ-67A Off-Board Sensing Station (OBSS) for the…

Revolutionizing Access to Essential Utilities in Challenging Environments OXFORD, MI / ACCESSWIRE / December 18, 2023 / PowerPanel, a leader in sustainable energy solutions, is…

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Wall Street closed higher as Treasury yields fell and healthcare stocks rallied. The U.S. Treasury Department announced increased liquidity support buybacks for longer-dated government bonds, prompting bond prices to climb. Starting September 9, the maximum purchase size will jump from $2 billion to at least $4 billion per operation. This applies to nominal coupon securities in the 10-to-20-year and 20-to-30-year maturity categories. The higher amounts will remain in effect through November 4. The department cited strong high-quality offer volumes as the reason for expanding liquidity operations in these sectors. Following the announcement, Treasury yields declined, reversing some of the recent upward trend in long-term borrowing costs. The 10-year Treasury yield dropped to about 4.65%, while the 30-year yield decreased to approximately 5.20%. Notably, the 30-year yield had reached 5.337% on Tuesday, its highest point since 2007. Since bond prices move inversely to yields, increased demand for government debt resulted in lower yields. This retreat alleviated some of the pressure that had been associated with the recent selloff in longer-term government bonds.