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Treasury Targets Long-Term Rates | US News
Treasury Secretary Scott Bessent is launching a bold new plan to slash long-term interest rates by doubling the government’s bond buyback program—targeting 10- to 30-year bonds—to cool soaring yields that threaten mortgages and loans. With yields hitting 5.3%, near two-decade highs, this move signals serious intent to ease financial pressure on families and businesses. Though critics question its scale against inflation and debt, the immediate market reaction—yields fell, stocks rose—shows Wall Street’s attention. Bessent, self-proclaimed “top bond salesman,” is making rate cuts central to…
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