US Treasury Doubles Long-Dated Debt Buybacks

WASHINGTON, United States — The US Treasury buybacks program will expand sharply for longer-dated government debt, with the department announcing on Wednesday that selected operations will be doubled to at least $4 billion as officials respond to pressure in the Treasury market.

Trump Signals Iran Deal, But Markets Rise Despite No Breakthrough

WASHINGTON, United States — Financial markets rallied this week after US officials and President Donald Trump repeatedly suggested that an agreement with Iran to reopen the Strait of Hormuz could be imminent, even though no deal materialised and Tehran continued to deny that it was negotiating directly with Washington.