Himes vs Bessent on the $10B buyback.
Rep. Himes pressed Treasury Secretary Bessent on 10-year buybacks that were followed by a higher 10-year yield.
- About $10 billion spent
- 4.8% on the 10-year when the operation started
- 5.04% today, a 20-year high
- 20 basis point rise
"You can ask me a question. You can't tell me how to answer it."