The US Treasury confirmed a $6B buyback of 10- to 20-year bonds, tripling prior limits as long-end yields climb to levels not seen since 2007.

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

The much-anticipated announcement triples the normal buyback operation and follows an announcement from Treasury Secretary Scott Bessent.