09/26/2026
The Treasury bought back more than $30 billion in bonds. So why did the 10-year yield climb above 5%? 🟡
The detail is where that money went.
$25 billion of the buying was in securities maturing within two years. Roughly $5.2 billion focused on debt in the 10-to-20-year range.
That matters when we’re asking what the buybacks might mean for longer-term borrowing costs—and, ultimately, housing.
Over the two weeks covered in this video, Freddie Mac’s weekly 30-year mortgage-rate average rose from 6.71% to 6.95%.
A $30 billion headline sounds huge. But it doesn’t tell you which bonds were bought, or whether mortgage rates are about to improve.
The cost of money is flashing yellow right now. And when money stays expensive, the housing market feels it.
Save this one for the next time a bond-market headline crosses your feed.
