# US bond yields spike after Bessent increases buybacks — retained record

> Retained news record from news:semafor.

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-09-09 22:30 ingested 2026-09-10 02:57

[original source ↗](https://www.semafor.com/article/09/09/2026/us-bond-yields-spike-after-bessent-increases-buybacks)

## retained text



```
US long-term bond yields spiked to three-year highs Wednesday after Treasury Secretary Scott Bessent’s bond buybacks failed to impress markets.
Borrowing costs leapt higher in part because investors expected more firepower, a Deutsche Bank strategist told Bloomberg: “It’s like Treasury created this monster that it now has to keep feeding.”
Bessent’s smaller-than-expected move suggests he’s accepted a “limited role” for buybacks, Evercore ISI analysts wrote, which aren’t likely to reverse yields without addressing the “direction of the debt and deficit,” a Société Générale researcher said. “Everything else is cosmetic.”
Bessent is juggling multiple interventions, daring traders to take the opposite side of his yen purchases. “I have asymmetric information. I am the house now,” he said Tuesday.
```



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