Quartz·1 min read·hard
Bond yields hit a 3-year high even as Scott Bessent triples Treasury's bond buyback plan
✦AI Summary
US 10-year Treasury bond yields have reached a three-year high of 4.841%. This increase occurred despite government efforts to expand bond buyback operations.
Why it matters
Rising bond yields impact borrowing costs across the economy, influencing mortgage rates and corporate investment strategies.
The 10-year yield climbed to 4.841%, its highest since November…
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