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Treasury Steps In to Cool Long-Term Rates | US News
Treasury’s bold new bond-buyback plan aims to cool soaring long-term rates, with double the usual firepower targeting 10- to 30-year Treasuries—just in time for September’s launch. As the 30-year yield hits a 20-year high, crushing mortgage costs and household budgets, Treasury Secretary Scott Bessent, the self-proclaimed “top bond salesman,” is deploying the government’s own tools to ease financial pressure on Americans. Critics question if the move is too small to dent inflation or ballooning debt, and warn of market disruption—but Wall Street reacted fast, yields dipped, and stocks rose…
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