10-year yield nears 4.85% after Treasury bond buyback disappointment
Treasury yields rose to new highs after investors said the expanded bond buyback program wasn’t larger. The 10-year yield approached 4.85%, the highest since 2023, following the $6 billion buyback report.
Treasury yields climbed to fresh highs after investors said they were disappointed that the Treasury Department’s expanded bond buyback program was not larger. 85%, the highest since 2023, after Treasury said it would buy back up to more bonds.