U.S. 30-Year Treasury Yield Rises to 5.25% as Buyback Jitters Offset Bessent Intervention
Updated
Updated · CNBC · Aug 21
U.S. 30-Year Treasury Yield Rises to 5.25% as Buyback Jitters Offset Bessent Intervention
3 articles · Updated · CNBC · Aug 21
Summary
30-year Treasury yields edged up 1 basis point to 5.2508% on Friday, while the 10-year held near 4.7001% and the 2-year stayed at 4.1828%.
Investor unease centered on the Treasury Department’s expanded debt repurchase program and the broader surge in U.S. national debt, keeping pressure on longer-dated bonds.
Thursday’s rebound had already pushed both 10-year and 30-year yields up more than 5 basis points, erasing an earlier drop sparked by Treasury Secretary Scott Bessent’s stepped-up buyback plan.
HSBC’s Willem Sels said the move also reflects worries about Fed credibility under Chair Kevin Warsh, though he argued those fears should fade and that bond supply from the U.S. government and hyperscalers is the bigger issue.