The US Treasury's $6 billion buyback fell short of $8-$10 billion expectations, pushing 10-year yields to 4.84%, their highest since November

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.

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