Bond Yields Fall as US Treasury Doubles Debt Buyback Plan
The US Treasury Department said it will buy back more government debt. It will double the size of its buyback program.
Government bond yields had reached their highest level in many years. After the news, yields went down.
A yield is the money you earn from a bond. When yields fall, bond prices go up.
The news helped the stock market too. The Dow and the S&P 500 both went up.
Bitcoin also went up. It went above $67,000 after the Treasury's news.
One company, VanEck, said Bitcoin may still fall later. This is called a drawdown.
In other news, President Trump stopped some tariffs on goods from Canada.
A tariff is a tax on goods from another country. Stopping it can help trade.
Investors were happy about the Treasury's plan. Many markets went up together.
The news shows that government actions can change many markets at once.
Vocabulary12 words
- Treasury Department
- the part of the US government that manages money
- buyback
- when someone buys back something they sold before
- bond
- a way governments borrow money from people
- yield
- the money you earn from a bond
- Dow
- a list of big US company stock prices
- S&P 500
- a list of 500 big US companies' stock prices
- Bitcoin
- a type of digital money
- VanEck
- a company that manages money for investors
- drawdown
- when a price falls a lot
- Trump
- the President of the United States
- tariff
- a tax on goods from another country
- Canada
- a country next to the United States
Quiz
Answer key
1. Double the size of its debt buyback program 2. They fell 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
The US Treasury Department said it will buy back more government _____.
It will double the size of its _____ program.
Government bond _____ had reached their highest level in many years.
After the news, yields went _____.
The news helped the _____ market too.
The Dow and the S&P 500 both went _____.
_____ also went up, above $67,000.
VanEck said Bitcoin may still fall later, called a _____.
President Trump stopped some _____ on goods from Canada.
A tariff is a _____ on goods from another country.
More Business stories
Next story · Easy
English Coach Jailed in Morocco for Sexually Assaulting a Minor