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Data: Investing.com; Chart: Axios Visuals

Longer-dated U.S. Treasury yields have bounced higher in recent days, with the benchmark 10-year note fully reversing course and rising to more than double its lowest level on Tuesday.

What's happening: The announcement of $1.5 trillion in repo injections on Thursday by the New York Fed followed two announcements about increasing the amount of cash it was injecting in its repo operations this week. The deluge has given yields a significant bounce.

  • Just this week the Fed has raised the amount of money it is pumping into the market daily from $100 billion to $150 billion and then to $175 billion, to go along with $45 billion in two-week operations and $60 billion in purchases for a "range of maturities."
  • "It looks like QE (quantitative easing)," Priya Misra, head of global rates strategy at TD Securities, told Reuters. "It is QE."

By the numbers: Yields on the 10-year Treasury note rose as high as 0.91% Thursday, 60 basis points higher than the low touched on Monday. Yields on the 30-year bond similarly jumped, touching a high of 1.50%, up 80 basis points from Monday's low of 0.70%.

  • Both Monday levels were record lows.

Go deeper: Record low U.S. Treasury yields are expected to keep falling

Go deeper

Updated 52 mins ago - Politics & Policy

Congressman criminally charged with lying to feds

Rep. Jeff Fortenberry. Photo: Al Drago/Bloomberg via Getty Images

Rep. Jeff Fortenberry (R-Neb.) has been indicted on charges he falsified records and lied to federal investigators probing an illegal foreign donation scheme, the Justice Department announced on Tuesday.

Driving the news: DOJ says a Fortenberry associate, who later cooperated with investigators, informed him he'd likely received illegal donations from an intermediary for a foreign national, but that Fortenberry denied any knowledge of such a scheme when contacted by the FBI.

"Assassin's Creed," but for schools

"Viking Age: Discovery Tour." Image via Ubisoft

For the third time since 2018, Ubisoft is releasing a nonviolent version of its latest “Assassin’s Creed” game as part of a unique effort to turn one of the medium’s most popular series into an educational tool.

Driving the news:Viking Age: Discovery Tour” transforms last year’s “Assassin’s Creed Valhalla” from a bloody 150-hour game about Viking conquest in 9th century England into a peaceful four-hour game about merchants and monks.

School enrollment fell by almost 3 million from 2019 to 2020

Kindergarten student Natalia Bayoumi holds the hand of her father Amir Bayoumi as he walks to the front door of Normont Elementary School in Harbor City, CA. Photo: Al Seib / Los Angeles Times via Getty Images

The number of individuals enrolled in the U.S. education system dropped by 2.9 million from 2019 to 2020, according to new data released Tuesday by the Census Bureau.

Why it matters: This marks the lowest level of school enrollment for those under 35 years-old in over 20 years, per the Census Bureau.