U.S. 10-year yield jumps as Treasury buyback plan disappoints
U.S. Treasury yields rose to new highs after investors were disappointed the expanded Treasury bond buyback program isn’t larger. The 10-year yield approached 4.85%, its highest since 2023.
Treasury yields are climbing to fresh highs as investors react to the Treasury Department’s expanded bond buyback program, which they say is not as large as hoped. 85%, the highest since 2023, after Treasury said it would buy back up to...