The US Treasury said Wednesday it would buy back up to $6 billion in bonds this week as rising yields threaten to push up borrowing costs.

Treasury Secretary Bessent doubles buyback operations to at least $4 billion per session targeting long-dated bonds as 30-year yields hit 19-year

Long-term yields now have a political ceiling.

The Treasury announced the buyback operation, which will include buying up 10-year and 20-year Treasury bonds.