The U.S. Treasury Department unexpectedly announced support for long-term government bonds, leading to a surge in precious metals prices
2026-08-20 00:19:56
According to CoinMeta, the U.S. Treasury Department announced today that it will at least double the scale of its liquidity support repurchase operations. The maximum purchase amount for long-term government bonds will increase from $2 billion to at least $4 billion, and the change will take effect on September 9, 2026. This move comes as long-term government bond yields are under upward pressure; the yield on 30-year bonds has recently risen to its highest level since 2007, and the market has reacted strongly to this. The announcement led to a decline in actual yields, which in turn drove up the prices of precious metals.
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Source:Internet
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