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GuardianSep 9Preview

Bond market rebuffs US treasury’s plan to buy back $6bn in government debt

Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisisUS politics live – latest updatesThe US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market.Scott Bessent, the treasury secretary, announced the US would buy back $6bn worth of government debt – treasuries – in an effort to alleviate a selloff in the US bond market that has put pressure on interest rates. Continue reading...

Lauren ArataniUS economyBonds

GuardianSep 9Preview

Oil prices rise above $100 a barrel for first time since July as Iran war escalates

Brent crude up by more than 3% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi citiesThe price of oil has risen above $100 a barrel for the first time since July as the escalating conflict in the Middle East threatens further disruption to global supplies.Brent crude, the international benchmark for oil prices, rose by more than 3% to top $101 after tensions increased in the Gulf amid the latest tit-for-tat exchange of fire between the US and Iran. Continue reading...

Lauren Almeida and Mark SweneyOilCommodities