Treasury buyback fails to curb rising bond yields

US Treasury yields have pushed to multiyear highs, with the 10-year note reaching 4.824%, even after the government committed to a $6 billion debt buyback. The move highlights that the repurchase size was below the more aggressive expectations of some market participants, leaving pressure on bond prices intact.
According to GN auto markets/bonds: treasury yields, the 10-year note has climbed to 4.824%, marking its highest level since November 2023. This surge occurred despite the $6 billion buyback announcement, which fell short of the $7 to $8 billion figure that some Wall Street analysts had anticipated.
Source: GN auto markets/bonds: treasury yieldsThe US Treasury spent $6 billion on buybacks. The 10-year yield still climbed. Market pressure remains high.
Source: GN auto markets/bonds: bond yields






