Stock futures were struggling for direction Thursday as Treasury yields
U.S. Treasury announced bond buybacks stabilizing yields at multiyear highs, signaling government willingness to manage refinancing costs. Reduces rate uncertainty for tech and AI startups, improving capital planning for infrastructure and M&A in volatile markets.
"If there’s a structural reason why bond yields are drifting higher, a bit of short-term intervention buys you a little bit of time, but doesn’t necessarily change the longer-term trajectory"
Bond yields edged higher after pulling back sharply during Wednesday's session.
Bonds Strengthen Further, Dollar Holds Near Lows After Treasury Intervention
"If there’s a structural reason why bond yields are drifting higher, a bit of short-term intervention buys you a little bit of time, but doesn’t necessarily change the longer-term…