Treasury Secretary Scott Bessent doubles bond buyback operations to $4 billion, but 30-year yields hit 5.3% as markets resist amid $40 trillion

Scott Bessent could use the US Treasury’s nearly $1 trillion cashpile to fund bond buybacks and influence long-term Treasury yields. | Business News

The US Treasury doubled bond buybacks to $4 billion per operation as national debt crossed $40 trillion, but 30-year yields near 5.33% quickly