Bessent’s US Debt Buyback Disappoints, Sending Yields Higher
The US government purchased less longer-dated debt than investors anticipated in Treasury Secretary Scott Bessent’s first expanded buyback operation, intensifying a selloff that pushed borrowing costs to multiyear highs.
<p>The US government purchased less longer-dated debt than investors anticipated in Treasury Secretary Scott Bessent’s first expanded buyback operation, intensifying a selloff that pushed borrowing costs to multiyear highs.</p>