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Treasury’s Bond Buyback Falters | San Antonio News
Treasury Secretary Scott Bessent’s bold move to double bond buybacks to $4 billion per operation aimed to cool long-term yields and ease borrowing costs—but the market shrugged, sending the 10-year Treasury yield back up to 4.69%. While he unveiled a new deficit-reduction strategy—claiming it’ll peak this year due to temporary factors like tariff refunds—experts note Congress holds the real power. Skeptical investors see little impact amid tech giants’ AI-driven debt surge, which is pushing yields higher. Meanwhile, inflation’s stubbornness and the Fed’s uncertain stance are amplifying market…
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