US debt

Surging crude prices have raised concern about inflationary pressures in the countdown to the US Fed decision

Traders remain underwhelmed with the size of Bessent’s amped-up buyback operation

Debt crisis predictions fail as a wealthy sovereign that borrows in its own currency doesn’t fail on a schedule

Yield on 30-year US Treasuries back near its highest in 19 years

Bigger US bond buybacks aimed at avoiding disorderly moves, not setting prices

She urges all countries to tackle their fiscal problems and wants central banks to stay ‘laser-focused’ on their price stability mandates

Dealers had assumed the Treasury would fund those purchases by issuing more shorter-dated debt

Gold has held above the key US$4,000-an-ounce support threshold since mid-July

Investors say they wanted the Treasury to take steps that would provide more lasting support