US Treasury Buybacks Fall Short of Limit! 10-Year Yield Nears 5% - Treasury Secretary Bessent Says US Bond Market "In Very Good

The U.S. Treasury repurchased $5.19 billion of its debt on Thursday (10th), falling short of the maximum $6 billion limit announced on Wednesday. Following the results, the 10-year Treasury yield continued its upward trend, reaching 4.95%. In response, U.S. Treasury Secretary Scott Bessent downplayed concerns about the rising yield, emphasizing that the U.S. Treasury market is "in very good shape."