Bond Market Rebuffs US Treasury’s Plan to Buy Back $6bn in Government Debt

Bond market rebuffs treasury’s $6 billion plan to reduce borrowing costs

The bond market issued a swift rebuke to the Trump administration’s latest attempt Wednesday to lower borrowing costs, as the 10-year Treasury yield rose to its highest level in roughly three years.

Bond market rebuffs US treasury’s plan to buy back $6bn in government debt

Bond Market Rejects US Treasury’s Intervention Play

US Treasury Secretary Scott Bessent, a former hedge fund manager, recently issued a stern warning to traders betting against his market interventions, declaring, “I am the house now.” This assertive posture followed a successful currency intervention with Japanese counterparts to support the yen. However, Bessent’s confidence was tested when the US Treasury announced details of