The US Treasury Department said that according to the expanded treasury bond repurchase plan, the Treasury will purchase up to 6 billion US dollars of long-term government bonds during the initial operation. This move shows Treasury Secretary Bezent's determination to curb the recent rise in borrowing costs. This maximum is three times the $2 billion initially announced by the Ministry of Finance to investors. The department unexpectedly announced the abandonment of the original plan on August 19, which would “at least double” the scale of such repurchase operations.

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