US bonds unwound all of the gains that followed Treasury Secretary Scott Bessent’s plan to increase buybacks of longer-dated debt, a sign that investors see it as only a short-lived remedy to curb borrowing costs. Jonathan Levin, Bloomberg Opinion Columnist, reacts to the treasury market moves.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-20/us-30y-bonds-erase-gains-from-treasury-buyback-surprise-video)