Treasury Yields Keep Rising as Bessent Doubles Down on Bond Buybacks

U.S. Treasury yields continued their upward climb even as Treasury Secretary Scott Bessent reaffirmed his commitment to expanding bond buyback programs. The move signals ongoing pressure in the fixed-income market, with investors weighing the impact of rising yields on broader financial conditions. Bessent's doubled-down stance on buybacks aims to support liquidity and stabilize demand for government debt, but yields have yet to reverse course. Market participants are closely watching whether the Treasury's intervention can curb the selloff or if further volatility lies ahead. The development carries implications for risk assets, including cryptocurrencies such as BTC and ETH, as higher yields typically weigh on speculative markets.