The 10-year bond yield rose from 4.8% to 5.04% following the Treasury Secretary's intervention.
Posted by The MeidasTouch Podcast, Checked
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- 1 contradict2 support1 context
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The MeidasTouch PodcastSep 15, 2026
The figures hold up: the 10-year started near 4.8% and peaked at about 5.04% around September 15, 2026, and the rise did occur after the Treasury's buyback intervention.
What was said
… Let's play this clip. Let's spend one minute on your intervention about a week and a half ago. You spent some 10 billion dollars, plus or minus, to try to lower the on the 10-year bond. This price is American mortgages. When you started, the 10-year bond was at 4.8%. Today, it's at a 20-year high of 5.04%. 20 basis point rise. Was your intervention successful, and will there be more? Yes, it was, sir, and the the ten year went up by 20 basis points. How can you say it was successful? The Well, there is a counterfactual of what would it have done. …
The MeidasTouch Podcast · · from the transcriptPost →What we found
Contradicts. BBC attributes the rise in yields to inflation worries from the oil price surge since the US-Israel war with Iran, not to the buyback intervention, which was intended to push yields down. Read as a causal claim, the 'following the intervention' framing is contradicted.[2]
Supports. BBC reports the 10-year Treasury yield rose as high as 5.04% on September 15, 2026 after the US had been buying back bonds to push yields down.[2]
Supports. Chandler's monthly review says the 10-year climbed from about 4.79% at the start of September, consistent with the claimed 4.8% starting level.[3]
Supports. Bessent's own account, as quoted in the MarketScreener report, confirms the buyback intervention happened and that he called it successful; the post's 4.8% and 5.04% figures match that exchange.[4]
Context. Yields kept climbing after mid-September, reaching about 5.29% by September 30, so the 5.04% peak was a snapshot rather than the end of the move.[1][3]
Sources
4 sources: 1 fact-checker, 1 tier 1, 2 not rated
- 1Equities end slightly lower as bond yields hold near multi- ...reuters.com · fact-checker · cited for: context
- 2US borrowing costs hit highest level since 2007bbc.com · tier 1 · cited for: contradicts, supports
- 3October 2026 Monthly Bond Market Reviewchandlerasset.com · not rated · cited for: supports, context
- 4Bessent calls bond buybacks a success despite climb in yieldsmarketscreener.com · not rated · cited for: supports
Where this claim was made
Said in 1 published post
Related claims
- The U.S. 10-year Treasury yield briefly hit about 4.8%.True
- Treasury Secretary Besant spent over $10 billion to lower the yield on the 10-year bond.False
- The Treasury Department's bond buyback program caused long-term interest rates to increase.False
- The Treasury Department announced a program to purchase long-term bonds.True
- The current 30-year Treasury yield is 5.5%.Can’t tell