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Government bond yields fell and stocks jumped on a move by the Treasury Department to double the amount of debt that it can buy back from investors.
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The Treasury Department said Wednesday that it will more than double the size of government-debt buybacks, sending yields sharply lower and stocks higher at the market open.
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Treasury announces upscaled buyback operation for longer-term debt, sending yields lower CNBCStock futures jump as Treasury action relieves bond market pressure: Live updates CNBCBonds Bounce as Treasury Buyback Boost Shows Willingness to Lower Long-Term Yields Barron'sBon
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Weak economic growth pushes investors into sovereign debt
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Looking for a great cash-back credit card? You're hardly alone. In a survey from personal-finance site WalletHub, 79% of people said they are most interested in earning cash-back credit card rewards, a significantly higher percentage than those who prefer rewards points or miles.
SEE MORE Get a Handle on Your Credit Card Debt
To help you in your search, we have compiled a list of great cards that provide cash back on every purchase (or reward you with points that you can easily trade for cash at a strong value).
For each card, we've calculated a typical annual rebate based on spending patterns in the U.S. Bureau of Labor Statistics Consumer Expenditure Survey and assuming $25,000 spent on the card annually (unless otherwise noted). For cards that do not waive their annual fee the first year, we've subtracted the annual fee from the cash value of the annual rebate.
Best Cards for Flat-Rate Cash Back
These cards provide simple and strong cash-back rewards on all spending.
Wells Fargo Active Cash Visa
Website: www.wellsfargo.comInterest rate: 0% for 15 months, then 17.24% to 27.24%
Annual fee: None
Sign-up bonus: $200 back if you spend $1,000 in the first three months
Typical annual rebate: $500
This card provides 2% cash back on all purchases, making it a great card to slip into your wallet if you prefer simple, straightforward rewards. Ways to redeem your cash back include as a statement credit, cash at the ATM with a Wells Fargo debit or ATM card (in $20 increments), gift cards ($25 increments), or a credit to a qualifying Wells Fargo credit card, checking account or mortgage. A nice side b
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Italy's credit was cut by Moody's to the lowest investment-grade rating, in a move that will likely add further selling pressure on Italian bonds and raise borrowing costs for the debt-laden country.
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