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Bonds steady after US Treasury comes to the rescue
Global bonds steadied on Thursday after the US Treasury stepped in to stem a rout in its bond market, soothing investor nerves and sending the dollar lower while stocks climbed. The US Treasury announced overnight it will double buyback sizes for long-duration debt, as it sought to stanch an upward march in yields that sent the 30-year Treasury yield to its highest level since 2007 earlier this week. [...]