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Treasury’s Bond Buyback Falters | Raleigh News
Treasury Secretary Scott Bessent doubled the bond buyback program to $4 billion per operation in a bid to cool soaring yields and ease mortgage rates, but the ten-year Treasury yield bounced back nearly to pre-announcement levels. The thirty-year yield also remained stubbornly high, near a 19-year peak. While Bessent hinted at even bigger interventions and promised deficit-cutting moves by Monday, markets remain unconvinced — deficit reduction hinges on Congress, not the Treasury, and tech’s AI-driven bond borrowing is adding fuel to the fire. With inflation still above target and debate…
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