Bond rout as it happened: US Treasury yields rise to session highs after Scott Bessent’s buyback operation undershoots target; ECB raises interest rates

Bond rout as it happened: US Treasury yields rise to session highs after Scott Bessent’s buyback operation undershoots target; ECB raises interest rates — Live Feedhttps://www.live-feeds.com/feed/bond-rout-as-it-happened-us-treasury-yields-rise-to-session-highs-after-scott-bessent-s-buyback-operation-undershoots-taContinuously updated, source-cited coverage. Treasury Yields Jump After Buyback Planhttps://www.live-feeds.com/feed/bond-rout-as-it-happened-us-treasury-yields-rise-to-session-highs-after-scott-bessent-s-buyback-operation-undershoots-tahttps://www.live-feeds.com/feed/bond-rout-as-it-happened-us-treasury-yields-rise-to-session-highs-after-scott-bessent-s-buyback-operation-undershoots-ta#u65639Sat, 12 Sep 2026 00:41:14 +0000US Treasury yields climbed to their highest levels since 2023 following a $6 billion bond buyback operation led by Scott Bessent that failed to lower borrowing costs. The bond market rebuffed the intervention, sending yields to session highs. Simultaneously, the European Central Bank raised interest rates while warning of upside risks to inflation. Scott Bessent dismissed concerns regarding the buyback operation and maintained that Treasuries remain strong. The sell-off deepened as investors reacted to the rate hikes and the underwhelming debt reduction effort.Why it mattersThe failed buyback