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Why Treasury Secretary Bessent’s moves to calm the bond market haven’t worked so far

WASHINGTON (AP) — Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs, a sign Wall Street investors remain worried about…

  • Treasury Secretary Bessent's bond buyback program doubled to $4 billion per operation
  • 10-year Treasury yield rose to 4.69%, nearing early Wednesday levels
  • Bessent stated yields don't reflect underlying fundamentals

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