Why the White House's Push to Control Bond Markets Is Destined to Disappoint Investors

Key Points The Treasury Department and the White House are trying to push Treasury bond yields lower. In pursuit of that goal, the Treasury is buying back more bonds than before. The market isn't cooperating with the plan so far, and it probably won't ever. 10 stocks we like better than iShares Trust - iShares 20+ Year Treasury Bond ETF › With enough gumption, the White House and the Treasury Department can try to nudge the bond market in its preferred direction. In August, the Treasury said it would at least double its long-bond buybacks to $4 billion or more each through Nov. 4. Partially in response to that, the yield on the 10-year Treasury note shot upwards, and as of Sept. 18, it's at 5%.