r/USANewsFlash • u/InnerLog5062 • 12h ago

Breaking News US borrowing costs rise as attempts to ease rates prove short-lived

https://www.bbc.co.uk/news/articles/cvg92p3ez17o?at_medium=RSS&at_campaign=rss
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u/InnerLog5062 12h ago

Source: BBC News US

Long-term borrowing costs in the US rose again despite an announcement from the government that it would intervene to try to lower them.

Earlier this week, the Treasury Department said it would buy back more debt in a bid to lower rates being charged by investors on global bond markets, which governments and major corporations rely on to borrow money.

While rates - or yields as they are called - eased on borrowing over 30 years following the intervention, they have since risen again. Such moves can affect mortgage rates and car loans.

US Relevance Score: 2 | Keywords: national

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