Stocks shrugged it off, but bond yields moved higher for a second straight day on Friday, the latest sign that the US Treasury's intervention efforts have been a bust.

The nearly $32 trillion market for U.S. government bonds, called the Treasury market, offers a clear signal of where the economy may be headed. Yields on bonds tend to set the temperature for other interest rates, including mortgages and auto loans. They can affect everything from student loans to the housing market.

Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs

Treasury Secretary Scott Bessent is expanding bond buybacks, but long-term US Treasury yields remain elevated. Here’s why the strategy may not be enough.

Treasury yields are hitting their highest levels in years, pushing up mortgage rates and borrowing costs while creating new risks for stocks.

A combination of long-running fiscal pressures and contemporary geopolitical risks briefly pushed U.S. Treasury yields to a 19-year high this week, raising alarm about the country's economic trajectory and threatening to raise borrowing costs for millions of Americans.

Long-dated fixed income hit their highest level in almost two decades amid a worsening U.S. fiscal situation and persistently higher inflation.

KEY TAKEAWAYS The U.S. Treasury is buying back long-term bonds to ease rising yields.The yield on 30-year Treasury bonds slightly fell after hitting its highest level since 2007.Investors are cautious about long-term bonds amid rising debt concerns and uncertainty around the Federal Reserve.