US 30-Year Yield: Rebounds Above 5.22%

US 30-year yield has climbed back above 5.22% following the US Treasury announcement to double long-term bond buybacks from $2 billion to at least $4 billion per operation. The yield had spiked to 5.337%, the highest since 2007, before the buyback news triggered a rapid drop to 5.18%. The US Treasury bond buyback program impact on long-term yields 2024-2026 now shows partial reversal as markets price in sustained pressure from refinancing needs and global debt rollover. Japan foreign holdings of US Treasuries and effect on global bond markets add further tension, with Japanese investors holding roughly $1.2 trillion and facing higher domestic yields that could reduce foreign demand.