The Zhitong Finance App learned that the US Treasury Department implemented the first long-term US bond repurchase after Treasury Secretary Bezent announced an expansion on Thursday, but the actual purchase scale was lower than market expectations, disappointing investors who had expected the Treasury to ease upward pressure on long-term interest rates by increasing repurchases. After the repurchase results were announced, the sell-off in US bonds intensified, and the 10-year US bond yield rose to 4.95%, the highest level since 2023. Bond market turmoil is rapidly spreading to the US real estate market. Interest rates on 30-year fixed mortgages broke through 7% on Thursday and reached 7.07%, reaching this mark for the first time since May 2025.

The Zhitong Finance App learned that the US Treasury Department implemented the first long-term US bond repurchase after Treasury Secretary Bezent announced an expansion on Thursday, but the actual purchase scale was lower than market expectations, disappointing investors who had expected the Treasury to ease upward pressure on long-term interest rates by increasing repurchases. After the repurchase results were announced, the sell-off in US bonds intensified, and the 10-year US bond yield rose to 4.95%, the highest level since 2023. Bond market turmoil is rapidly spreading to the US real estate market. Interest rates on 30-year fixed mortgages broke through 7% on Thursday and reached 7.07%, reaching this mark for the first time since May 2025.