US 2-Year Yields Post Biggest Jump Since April 2025 as Oil, Buyback Miss Deepen Selloff
Updated
Updated · Bloomberg · Sep 10
US 2-Year Yields Post Biggest Jump Since April 2025 as Oil, Buyback Miss Deepen Selloff
3 articles · Updated · Bloomberg · Sep 10
Summary
Two-year Treasury yields logged their biggest surge since the April 2025 market meltdown as a broad US bond selloff accelerated Thursday.
Oil at a four-month high and a wholesale inflation gauge showing building price pressures fueled fears that inflation will stay hotter for longer.
The Treasury Department added to the pressure when its first expanded buyback operation purchased fewer bonds than expected, reinforcing the market's negative reaction to the program.
A day earlier, the buyback accepted $5.2 billion versus a $6 billion maximum, while 30-year Treasury yields touched 5.308% — their highest since 2001.
The renewed bond rout underscores how Middle East turmoil, inflation worries and skepticism over Treasury market support are pushing US borrowing costs higher.