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The government steps in to calm the bond market
The Treasury Department announced this morning that it'll double the amount it spends on its buyback operations for longer-term government bonds. It had planned to spend about $2 billion buying back government debt. Now, it will spend $4 billion. This comes after investor concerns over federal debt, global instability, and inflation drove the 30-year bond yield up to a nearly 20-year high. We explain. Then: why Mexico's government is launching a line of mini EVs.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report…
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