U.S. bond yields edged higher Thursday morning after sharp declines during the previous session when the Treasury Department announced it would double its debt repurchases, primarily on the long end of the yield curve. The yield on 30-year U.S. Treasurys rose 3 basis points to 5.2256%, while the 10-year note yield, the benchmark for mortgages and consumer loans, gained 1 basis point to 4.6723%. This historic announcement comes as total U.S. government debt has exceeded $40 trillion, more than double the level of a decade ago.
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