Bond market rejects Bessent's $6bn buyback plan

Scott Bessent tripled his buyback offer from $2bn to $6bn, but yields still rose to 4.85%, the highest since 2007.

Why it mattersHigher bond yields mean the US government pays more to borrow, and when old debt matures and refinances at these rates, the interest bill explodes.

AustraliaAustralian investors hold US bonds; rising yields affect returns and currency flows. Australia's own interest-rate outlook can shift with US Treasury moves.

✓ Claims checked against the source and corrected before publish. checked 45 min ago