US Treasury buybacks doubled to $4B per operation failed to calm bond markets as 30-year yields hit 19-year highs amid $40 trillion federal debt

Higher bond yields raise concerns over US borrowing costs and fiscal pressures

U.S. Treasury bond sell-off coincided with the nonpartisan Congressional Budget Office's release of statistics that the national debt is about to cross $40 trillion.

Treasury yields climbed this week, with yields on 10-year, 20-year, and 30-year Treasury notes reaching their highest levels in years.

U.S. to Buy Back More Longer-Term Bonds

The US Treasury has doubled planned buybacks of longer-dated bonds to at least $4 billion per operation, seeking to ease liquidity pressures after the 30-year Treasury yield hit…

US Treasury doubles bond buybacks to $4B. Fed pause in next three meetings at 73.5% YES.