US Treasury buyback strategy falls short as debt worries persist
SINGAPORE/LONDON/NEW YORK, Aug 20 (Reuters) – The U.S. Treasury’s surprise bond buyback failed to quell lingering concerns about inflation and expanding government debt, as bond yields rose on Thursday, dragging the dollar higher as well. The Treasury responded on Wednesday to U.S. long-bond yields hitting the highest level since 2007 by doubling long-end buybacks to…