00:00It's Benzinga bringing Wall Street to Main Street.
00:02Treasury Secretary Scott Besson is stepping up efforts to push down long-term Treasury yields
00:08as the department increases buybacks of longer-dated debt, according to CNBC.
00:14Treasury said it will raise the maximum amount it buys from $2 billion to at least $4 billion,
00:20helping reverse a recent bond sell-off.
00:22The 10-year Treasury yield fell to 4.65% Wednesday after recently reaching 4.74%.
00:29Critics said replacing long-term bonds with more short-term bills
00:32could make federal interest costs more sensitive to future rate increases
00:36and complicate Federal Reserve Chairman Kevin Warsh's policy decisions.
00:41The federal government has made $963 billion in net interest payments
00:46through the first 10 months of fiscal 2026.
00:50For all things money, visit Benzinga.com.
