Gordon Pape

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Yields on the 30-year U.S. government bond rose 3.05 basis points to 5.2235 per cent after falling to ⁠5.1765 per cent earlier, ​a day after the Treasury's pledge to buy back more longer-dated debt.

The Treasury on Wednesday responded to U.S. long-bond ⁠yields hitting the ​highest level since 2007 by doubling long-end buybacks to at least US$4 billion per operation.

This model remains risky