Treasury Intervention: A Band Aid on a Bullet Wound? The recent surge in bond yields has raised doubts about the effectiveness of the US Treasury's efforts to intervene in the market.
For two consecutive days, bond yields have risen, reversing some of the gains made since the Treasury began boosting long dated bond buying. The 30 year Treasury yield has edged back up towards 5.
3%, while the 10 year yield has also increased, hovering around 4. 73%. These small gains reflect a broader trend that threatens to undo all progress made since the Treasury's intervention efforts began.