“Treasury yields rebound, wiping out the decline following Bessent’s intervention” [Published Thu, Aug 20 2026]
October 2, 2026
“…Yields on 10-year U.S. Treasurys — the main benchmark for mortgages, auto loans and credit card debt — moved more than 5 basis points higher to 4.704%. The yield level was above the level it held before the 8:30 a.m. announcement Wednesday that Treasury would be stepping up its bond buyback program.
The yield on the 30-year U.S. Treasury bond — the primary focus of the accelerated buyback — was up more than 5 basis points at 5.248%.
The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate decisions, was last seen up less than 1 basis point at 4.185%…”