Less than 24 hours after doubling the size of its debt buybacks, the US Treasury found itself needing to reassure markets all over again as yields on the 10-year and 30-year notes erased Wednesday's declines and moved higher than before the announcement.
The move forced US Treasury secretary Scott Bessent to speak publicly and leave no doubt that Wednesday's $4 billion (€3.4bn) ceiling per operation was a floor rather than a strict limit.
