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Treasury yields rebound, wiping out the decline following Bessent’s intervention
The 30-year yield rose 5.7 basis points to 5.251% as Treasury expanded buybacks to support longer-dated debt.
- Treasury Yields rebounded on Thursday, erasing the decline that followed the Treasury Department's recent debt repurchase announcement. The 30-year Bond yield climbed to 5.251%, while the 10-year rose to 4.704%.
- The Treasury Department implemented the buyback plan to provide liquidity support in longer-dated nominal sectors where few buyers had emerged since late June. The Department set maximum repurchases at at least $4 billion.
- Market volatility coincided with the U.S. national debt hitting $40 trillion on Thursday. Annual Interest expenses are projected to exceed $1 trillion this year, consuming about 19% of federal revenue, according to the Peterson Foundation.
- Senate Majority Leader John Thune and President Trump face mounting pressure to address the $41.1 trillion Debt Ceiling. Thune called on the Senate to confront the "ever looming Debt Ceiling disaster" before leaving Washington for August recess.
- Preliminary projections from the Bipartisan Policy Center indicate the government could reach statutory borrowing limits between late winter and midsummer 2027. The CBO estimates Interest expenses will consume 26% of federal revenue by 2036 if current trends continue.
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Coverage Details
Total News Sources7
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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