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Bessent’s Bond Gains Wiped Out as 30-Year Yields Jump Once Again

Source: Bloomberg

Interest Rates & YieldsMonetary PolicyMarket Technicals & Flows

Yields on the longest-dated US government bonds rebounded to levels last seen just before Treasury Secretary Scott Bessent’s prior market-shocking expansion of the Treasury buyback program. The move suggests the earlier shock has faded, but the rates volatility remains a near-term headwind for duration-sensitive assets.

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