Treasury yields surge after 30-year auction and buyback
By The BriefBrief
U.S. Treasury yields rose sharply on Thursday as the market extended a rout after an underwhelming auction of 30-year U.S. government debt. The selloff also followed Treasury Secretary Scott Bessent’s first beefed-up buyback operation, which failed to calm markets.
WHO:U.S. Treasury Secretary Scott Bessent
WHAT:Treasury yields surged after a weak 30-year auction and Bessent’s first beefed-up Treasury buyback operation did not steady markets.
