Bond Buyback Boosts Wall Street, But What Does It Mean for Main Street? The US Treasury Department's decision to buy more government bonds has been hailed as a relief for financial markets worldwide.
As a result, Wall Street is responding positively: the S&P 500 rose 0. 3% yesterday, its first gain in four days, while the Dow Jones Industrial Average climbed 133 points.
This move eases pressure on financial markets, which have been strained by worries about inflation and government debt.