Longer-dated U.S. government bond yields steadied on Friday, as investor concerns over the Treasury Department’s debt repurchase program and rising national debt continue to weigh on markets. The 30-year U.S. Treasury note yield rose 1 basis point to 5.2508%, while the 10-year yield remained unchanged at 4.7001%. The 2-year yield held steady at 4.1828%. Borrowing costs rebounded sharply on Thursday, with both 10-year and 30-year yields rising more than 5 basis points, erasing their earlier decline that followed Treasury Secretary Scott Bessent’s surprise intervention in the bond market. Willem Sels, global chief investment officer at HSBC Private Bank, said the rebound highlights market concerns about the Fed’s credibility.
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