Long-term yields rise despite latest move by Scott Bessent as he tries to calm bond market

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.

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