The 10-year yield sits at 4.97%, just below the psychologically critical 5% threshold, even after Bessent's $6 billion buyback failed to slow the selloff on September 10. With oil above $100, sticky August CPI locking in a 90% odds for a Fed rate hike next week, watch whether Bessent unveils larger repurchase operations or new issuance plans at the September 16 Treasury refunding announcement.