Wall Street rises after Treasury announces bigger bond buybacks

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Wall Street rises after Treasury announces bigger bond buybacks
Photo: Yuki Iwamura/AP/TT

After a few minutes of trading on Wednesday, the Dow Jones industrial average was up 0.2 percent, the broad S&P 500 index was up 0.4 percent and the tech-heavy Nasdaq composite index was up 0.2 percent.

Ahead of the stock market opening, the Finance Ministry announced that bond buybacks with long maturities of 10-30 years will be doubled. According to the ministry, the increased buybacks, which will begin on September 9, will contribute to market liquidity.

Long-term US market interest rates are falling after the announcement.

Wall Street fell on both Monday and Tuesday.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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