This is NOT good. The US government’s emergency move is already fading. On Aug 18, the 30Y Treasury yield hit 5.34%, its highest since 2007. High yields make borrowing more expensive for the government, businesses and homebuyers. So, the Treasury doubled long-term bond buybacks to at least $4B to push yields lower from 5.28% to 5.18%. But less than 48hrs later, the yield was back at 5.24%, erasing nearly 70% of the relief. It’ll take more than $4B to calm this market.(Coin Bureau)