US long-term borrowing costs ease after government steps in
It comes after the interest rate on 30-year bonds reached the highest level in almost 20 years.
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Notable Quotes
"The Treasury's decision to increase purchases appeared to be an 'attempt to provide relief' on long-term borrowing costs."
— John Canavan , Academic
"The US government feared the 'pain of 5% or higher yields' over the long term not just because it raised borrowing costs for the government, but also the private sector."
— Rene Albrecht , Academic
"It risks collateral damage and unintended consequences."
— Mohamed A. El-Erian , Academic
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It comes after the interest rate on 30-year bonds reached the highest level in almost 20 years.
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