Treasury yields have increased significantly. This surge occurred after a buyback operation was implemented. The operation, which was beefed up by Bessent, was intended to calm the market. However, it ultimately failed to achieve this goal.
Further details about the events surrounding the buyback operation and its impact on Treasury yields are available. The source provides more information about the situation.
The outcome of the operation has been reported, with Treasury yields surging as a result. For a more in-depth look at the circumstances, readers can refer to the source publication, MarketWatch.