C'mon man, the Fed has bought trillion$ in U.S. Treasury securities and can't keep yields down, how is the Treasury buying billion$ going to do anything?

This is nothing but another gimmick in a long line of gimmicks, brought to you by the unserious.

Serious governments attack high interest rate problems by cutting spending and raising taxes. 

Neither American political party has had the courage to do those things in decades because Democrats demand endless spending to reduce endless poverty and Republicans demand endless tax cuts to stimulate endless lousy economic growth. 

 Bessent’s political turn in GOP speech tests his bond-market credibility

... His speech comes against the backdrop of the Treasury Department on Wednesday saying it would buy back as much as $6 billion in long-term Treasury debt this week, with a cap of at least $4 billion in operations later this year. The department began the buyback program in 2024 to solve a well-documented problem where trading can be thin for some long-term debt. ... 

10Y yield at this hour is 4.92%.

20Y is 5.36%.

30Y is 5.351%.

And 2Y is at 4.514%, a 52-week high like the rest.