Treasury Yields Rise as Buybacks Could Top $4B an Issue -- Market Talk

1552 ET - Treasury yields ended higher, reversing the previous session's gains, as investors demanded a higher risk premium for bonds despite the Treasury's plan to buy back long-term debt. Treasury Secretary Scott Bessent said in a CNBC interview that the Treasury's buybacks could surpass $4 billion. The 2-year yield rose 0.007 percentage point to 4.185%. The 10-year yield rose 0.046 p.p. to 4.697%, and the 30-year yield rose 0.043 p.p. to 5.237%. Bessent also tried to calm investors by saying that worries about the budget deficit are overblown: "One of the things that's temporary here that's influencing the deficit has been these tariff refunds, and we won't have to do that again," Bessent said. (jessica.coacci@wsj.com)

(END) Dow Jones Newswires

August 20, 2026 15:53 ET (19:53 GMT)