10-year yields highest since 2023
Benchmark 10-year Treasury yields reached their highest levels since 2023 on Wednesday after the announcement of an enlarged Treasury buyback of longer-dated bonds disappointed some investors who had wanted more. Yields retreated from their highs, however, after the Treasury saw very strong demand for a $39 billion sale of 10-year notes. The U.S. Treasury Department said it will buy up to $6…
U.S. 10-year Treasury yields have reached their highest levels since 2023 following an enlarged Treasury buyback of longer-dated bonds, which disappointed investors. The Treasury Department announced it will buy up to $6 billion in 10- to 20-year Treasury bonds during its buyback operation on Thursday, tripling the size of its last long-dated operation.
Strong demand for a $39 billion sale of 10-year notes initially pushed yields to their highest level since 2007, but later retreated after the Treasury saw very strong demand for the same sale.
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