Treasury yields continue to rise even as Bessent doubles down on bond buybacks
Long-term yields moved higher despite a $6 billion Treasury buyback, as debt concerns and rising oil prices continue to pressure global bond markets.
Source: CoinDesk
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DW NOTE
Bessent bought $6 billion in bonds and yields rose anyway. The arithmetic here is simple: the federal deficit is running $1.4 trillion through June, oil is back at $95 on 6-7 million barrels per day offline, and the market knows a symbolic buyback does nothing when you're issuing $150 billion a month.