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Jesse Cohen, senior markets analyst at Investing.com, reports that the U.S. Treasury will purchase another $12.5 billion of its own debt on Thursday.
This move is described as quantitative easing without direct involvement from the Federal Reserve.
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Cohen has previously reported that the U.S. 10-year Treasury yield reached 4.816 percent, its highest level since November 2023, as market sentiment shifted earlier this year. He also highlighted that market odds for a Federal Reserve rate hike increased to 56 percent following remarks at Jackson Hole last September. These developments have drawn close attention to U.S. monetary policy actions.