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Scott Bessent Announces $6 Billion Treasury Bond Repurchase

9/10/2026

Summary

Story summary

U.S. Treasury Secretary Scott Bessent announced a $6 billion repurchase of 10- to 20-year bonds.
The 10-year Treasury yield rose to 4.85%, its highest level since November 2023.
20-year and 30-year yields climbed to roughly 5.3% before easing slightly by 4 p.m. ET.
Equity indexes fell, with the Nasdaq down 0.6% and the S&P 500 down 0.5%.
The move underscored Bessent’s limited influence in a U.S. President Donald Trump administration lacking policy tools.

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Story summary

U.S. Treasury Secretary Scott Bessent announced a $6 billion repurchase of 10- to 20-year bonds.
The 10-year Treasury yield rose to 4.85%, its highest level since November 2023.
20-year and 30-year yields climbed to roughly 5.3% before easing slightly by 4 p.m. ET.
Equity indexes fell, with the Nasdaq down 0.6% and the S&P 500 down 0.5%.
The move underscored Bessent’s limited influence in a U.S. President Donald Trump administration lacking policy tools.