US debt tops $40T as Treasury doubles bond buybacks to calm markets
- Treasury: 99 events in the last 90 days
- Previous: earlier the same day · Quant funds rocked as Treasury boosts buybacks and Moderna shares leap
What happened
The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.
Summary assembled by rule from the sources below