Treasury yields jump as Bessent’s $6bn buyback plan disappoints investors

Ten-year borrowing costs hit highest level in nearly three years despite upsized repurchase programme

Treasury yields jump as Bessent’s $6bn buyback plan disappoints investors

TL;DR

  • Ten-year borrowing costs are at their highest in nearly three years.
  • This occurred despite an upsized repurchase programme.
  • Investor sentiment appears to be negative regarding the repurchase programme.