Treasury yields surged to multiyear highs on September 10 as traders increased bets on a Federal Reserve rate hike to 70% ahead of the September 15–16 meeting.
The US Treasury has tripled its buyback limit for long-term government debt, increasing the per-operation ceiling to $6 billion.
Japan's five-year government bond auction on June 22 showed a decline in demand as investors worry about yen weakness and potential rate hikes.
US Treasury market volatility is increasing due to Federal Reserve uncertainty, heavy debt issuance, and the data-dependent approach of Fed Chair Kevin Warsh.
