US treasury secretary hails government’s buy back of bonds a success
U.S. Treasury Secretary Janet Yellen praised the government's Treasury bond buyback as a success, noting it helps lower borrowing costs. The program, carried out on Tuesday, seeks to reduce the Treasury's debt stock. Meanwhile, the 10‑year Treasury yield rose to 5.041%, a 19‑year peak, as investors stayed wary of potential fallout from the Iran conflict.