Treasury's $6B Buyback Fails to Impress Bond Market
The US Treasury's $6 billion bond buyback, triple its usual size, failed to lower yields as the market sold off. Critics called the plan a bluff.
33 min ago9 min read
US 10-year note auction yields 4.834%, below when-issued
The Treasury sold 10-year notes at 4.834%, a stop through of 1.5 bps, and saw a bid-to-cover of 2.71.
09/09/2026 17:122 min read
As the sale was a reopening, the securities mature in 9 years and 11 months.
The 1.5 basis point stop through—the largest since April 2025—should ease some of the concern over Bessent's buyback.
Nonetheless, the Treasury's cost of borrowing for 10-year debt is still the highest it has been since 2007.
- The bid-to-cover ratio came in at 2.71, versus 2.53 in the prior auction.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Related articles
Treasury buyback comes in at up to $6 billion
Treasury confirmed a buyback of up to $6 billion, a figure that disappointed, while 30-year yields touched a session high of 5.29%.
3 h ago2 min read
ECB set to raise rates, all eyes on Lagarde's guidance
ECB is expected to deliver a 25 bps rate hike to 2.50%, with markets focusing on Lagarde's press conference for future policy clues.
7 h ago15 min read
UN Report: Hormuz Risk Could Exclude 90% of Businesses from Trade
A UN report warns that disruptions in the Strait of Hormuz could force small firms out of global supply chains, hitting the 90% of businesses that are SMEs…
12 h ago9 min read