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Story summary
- U.S. Treasury announced a $6 billion buyback of 10- and 20-year government debt.
- The buyback will occur on Thursday, September 10, lasting 20 minutes and ending at 2 p.m. ET.
- The operation triples the usual $2 billion size, raising the 10-year yield to about 4.85%.
- After the announcement, the 20-year yield rose to roughly 5.3%, a post-2023 high.
