CNBC
Longer-dated Treasury yields rise as Bessent's bond buyback rally fizzles out
Friday, August 21, 2026
Treasury Department bond buyback operations failed to sustain earlier market gains, and longer-dated Treasury yields moved higher. The program, announced by Treasury Secretary Henry Paulson Bessent, faced renewed skepticism from market participants. Bond prices declined as investors assessed the effectiveness of the repurchase initiative.
Original reporting: https://www.cnbc.com/2026/08/21/treasury-yields-bonds-inflation-rates.html