Ryan Sweet

Money Moves

As of September 2026: Publicly skeptical of the buyback strategy

Treasury Secretary Scott Bessent's $6 billion bond buyback failed to cool the market again Thursday. The 10-year Treasury yield eased to 4.69%, barely below Wednesday's spike to 4.85%, and a $39 billion auction of 10-year notes cleared at 4.834%, the highest since 2007.

Updated Sep 10