DAILY BRIEF
Treasury yields surge after Bessent’s beefed-up buyback operation fail, 10s +3bp · Thu 10 Sep 2026
Treasuries (close 2026-09-09): 2s 4.43% (+4.0bp), 10s 4.83% (+3.0bp), 30s 5.28% (+3.0bp).
Tape (close 2026-09-09): VIX 16.46, 2s10s +39bp.
Narrative: Silver slides below $65 as US PPI revives Fed rate-hike bets
What mattered:
• Treasury yields surge after Bessent’s beefed-up buyback operation fails to calm market
• Oil Just Forced The Fed
• Forex Today: US Dollar rebounds on hot PPI ahead of US CPI
• Treasury yields surge after poor 30-year auction and new buyback operation fail to calm market
• Global bond sell-off resumes as surging oil prices stoke fears about inflation