Treasury triples buyback to $6 billion, yields still rise

US Treasury yields continued to climb despite a $6 billion buyback announcement, as investors viewed the size as insufficient compared to the $10 billion they had hoped for. The sell-off was exacerbated by rising energy costs from the US-Iran conflict, pushing the 30-year yield to 5.29%.
Market participants had anticipated a buyback of up to $10 billion, so the $6 billion figure fell short of expectations and failed to calm yields. Additionally, Brent crude breaking above $100 per barrel due to escalating US-Iran tensions provided further upward pressure on bond prices.
Source: GN auto markets/bonds: treasury yieldsThe US Treasury announced a $6 billion bond buyback, tripling its initial plan. The 10-year yield still rose 6 basis points to 4.85%.
Source: GN auto markets/bonds: bond market






