US Treasury Secretary Scott Bessent dismissed concerns that 10-year Treasury yields rose to their highest level since 2023, stating that "the Treasury market is still in very good health," Walter Bloomberg reported via X. Bessent also explained that the Treasury buyback on the 10th (local time) amounted to only $5.19 billion, falling short of the maximum limit of $6 billion, because "long-term Treasury holders were reluctant to sell." Previously, the Treasury Department expanded the long-term Treasury buyback limit from $2 billion to a minimum of $4 billion per session, and the market had expected this first purchase to be in the range of $5 billion to $6 billion.
