1353 ET - Treasury Secretary Scott Bessent cleared the air to investors on the recent buyback announcement in long-run bonds. When asked whether the Treasury will facilitate more buybacks, Bessent said "We haven't bought a single bond yet. The next time we have an operation is Sept. 9, so we will see on Sept. 9." Treasury yields also retreated Monday after CNBC reported that the Treasury could utilize its General Account to help its long-term bond buyback operations. The 10-year yield is at 4.70% -- while the 2-year yield hovers around 4.24%.
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