US Treasury Yields Rise Despite $6B Buyback as Debt and Oil Concerns Persist

Long-term US Treasury yields continued to climb even after the government conducted a $6 billion bond buyback operation. Treasury Secretary Bessent reaffirmed the administration's commitment to the buyback program amid the market pressure. Rising oil prices and broader debt concerns have been weighing on global bond markets. The buyback, intended to support bond prices and ease yields, failed to produce the desired effect. Analysts point to persistent fiscal worries as the key driver behind the ongoing yield increases.