Bond Yields Rebound as Treasury’s Buyback Plan Struggles to Calm Markets

Bond yields rose for a second straight day, with the 30-year around 5.27% and the 10-year near 4.73%, as markets price in the Treasury’s Sept. 9–Nov. 4 plan to double long-dated bond purchases in an effort to lower yields. Analysts remain skeptical this will offset fading Fed credibility or higher rate expectations amid inflation fears and a surge in corporate debt issuance, and critics call it debt reshuffling rather than a true reduction, even as US debt tops $40 trillion. The episode highlights ongoing policy risks for borrowing costs.