[Mexico—Correspondent Shim Young-jae] Although the U.S. Treasury Department launched a buyback program worth up to $6 billion to lower long-term Treasury yields, the 10-year Treasury yield soared to its highest level in three years, and some surveys showed that 30-year fixed-rate mortgage rates exceeded 7 percent. U.S. Treasury Secretary Scott Bessent refuted claims that the program had failed, noting that the volume of sell orders received for the buyback was only half the usual level. The Treasury plans to purchase at least an additional $4 billion in 20- to 30-year Treasury bonds in two weeks. Yahoo Finance [...]

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