Longer-dated Treasuries hold near-flat as buyback boost fades amid debt concerns
Longer-dated U.S. Treasuries steadied Friday as jitters over the Treasury’s extended debt-repurchase program and high federal debt weighed on markets. The 30-year yield was around 5.246%, the 10-year about 4.694%, and the 2-year roughly 4.185%. Thursday’s move higher in yields followed Treasury Secretary Scott Bessent’s aggressive buyback intervention aimed at easing pressure at the long end, with investors weighing Fed credibility against supply pressures from the government and hyperscalers.