10-year yield nears 4.85% after Treasury buys back up to $6bn
The 10-year yield approached 4.85%, its highest level since 2023, after the Treasury announced it was buying back up to $6 billion in longer-term debt.
85%, reaching its highest level since 2023 after the Treasury said it would buy back up to $6 billion in longer-term debt. Evercore ISI's Krishna Guha said some investors had expected a much larger shock-and-awe announcement of $10bn or more. He said he…