🚨 BREAKING: 🇺🇸 The U.S. 30-year Treasury yield has completely erased the drop triggered by the Treasury’s buyback announcement, climbing back to 5.282%.
After the Treasury announced it would double bond buybacks, the yield plunged to 5.18% within an hour.
Now, less than 48 hours later, the entire move has been reversed.
Treasury Secretary Bessent said buybacks could exceed the announced $4 billion — but the bond market isn’t buying it.
After the Treasury announced it would double bond buybacks, the yield plunged to 5.18% within an hour.
Now, less than 48 hours later, the entire move has been reversed.
Treasury Secretary Bessent said buybacks could exceed the announced $4 billion — but the bond market isn’t buying it.