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Finance

U.S. Treasury to buy back up to $6 billion in Treasuries as yields jump on $40 trillion debt

The U.S. Treasury will buy back up to $6 billion of outstanding nominal Treasuries with 10 to 20 years remaining maturity to boost liquidity in the long-term bond market. The amount is triple the usual per-operation cap, but Treasury yields continued to rise after the announcement. Investors pointed to federal debt above $40 trillion, increased supply and inflation worries, while some criticised the move as risking expectations of larger intervention.

AI & Enterprise

S2W joins OpenAI global cybersecurity initiative Daybreak

S2W, a big data analysis AI company, said on Sept. 10 it will join the Daybreak Defense Network, a global partner ecosystem for OpenAI-led cybersecurity initiative Daybreak. The initiative focuses on helping corporate and institutional security teams proactively find, verify and fix vulnerabilities using OpenAI frontier models and the Codex Security application security agent. S2W said the program will broaden its work in vulnerability response, threat modeling and security investigations.

Telecommunications & Media

DBS, Citi cut Singapore-New York transfers from 2 days to minutes

DBS and Citigroup processed their first live weekend transaction sending U.S. dollars from Singapore to New York, using tokenised deposits via the Swift digital ledger, reports said. The banks said the approach reduced cross-border settlement time from up to 2 business days to minutes by avoiding delays from weekends and time zones. No separate cryptocurrency was used. The banks are pitching the capability to corporates including e-commerce and digital services firms.