Treasury buyback fails to curb 10-year yield spike

The 10-year US Treasury yield has reached 4.85%, its highest point since 2023, despite the Treasury's announcement of a $6 billion bond buyback operation. This intervention, set to take place on Thursday, aims to curb rising borrowing costs amid global yield spikes and fiscal concerns.
According to GN auto markets/bonds: bond market, the 10-year yield is currently trading at 4.85%, with the report noting that a close above 4.82% would establish a new high for October 2023. The source also highlights that the $6 billion buyback, which is triple the standard operational size, is scheduled to execute on Thursday.
Source: GN auto markets/bonds: bond marketThe 10-year US Treasury yield hit 4.85% after the Treasury announced a $6 billion bond buyback operation. This level marks the highest point since 2023.
Source: GN auto markets/bonds: bond yields






