The Guardian ·
US treasury secretary hails government’s bond buyback a success
On Tuesday, the 10-year treasury rate yield reached a 19-year high at 5.041% as investors are wary Iran war fallout
Scott Bessent, the US treasury secretary, claimed the government’s massive buyback of US bonds was a success.
The claim came as the 10-year treasury yield reached a 19-year high on Tuesday, increasing pressure on interest rates as the Federal Reserve weighs another hike to see off rising inflation.
US treasury yields, or the rate of return that investors receive when a bond matures, underpin the rates of other loans such as mortgages, car payments and credit card debt. On Tuesday, the yield rate for the 10-year treasury reached 5.041%, the highest level since 2007.
