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International Business Times
International Business Times
Business

SHOCKING: Bessent announced increased bond buybacks treasury yields jumped anyway - You Need To See This

Scott Bessent US Treasury
The 10-year Treasury yield climbed to its highest level since 2023 despite Scott Bessent's announcement of increased bond buybacks. (Credit: Latin Times)

Treasury yields climbed on Wednesday even though Treasury Secretary Scott Bessent said the department will buy back $6 billion of longer-dated government debt, triple the usual amount.

The yield on the 10-year Treasury note, the benchmark rate, hit the highest since November 2023. The 2-year and 30-year yields were also trading higher.

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