Treasury Plans Up To $6 Billion Bond Buyback To Curb Rising Yields
Treasury Secretary Scott Bessent announced in Washington that the Treasury will buy back up to $6 billion in long-term U.S. Treasury bonds on Wednesday to try to curb rising yields.[1]
The operation exceeds a prior pledge to at least double monthly buybacks to $4 billion, the department had said.[1] The 10-year yield rose to 4.85% and the 2-year to 4.42%, their highest levels since October 2023, even as the buyback was announced.[1] Analysts said rising U.S. government debt, now above $40 trillion, is the main driver of yields and questioned how effective the buybacks will be.[1]
The department had previously vowed to at least double monthly buybacks to $4 billion as it sought tools to steady longer-term rates.[1] Analysts warn that the scale of federal borrowing and higher issuance could overwhelm modest buybacks unless the Treasury significantly expands the program.[1]
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📌 Key Facts
- On Wednesday, September 9, 2026, Treasury Secretary Scott Bessent announced a plan to buy back up to $6 billion in long‑term U.S. Treasury bonds.
- The department had previously vowed to at least double monthly buybacks to $4 billion; Wednesday’s operation exceeds that level.
- The 10‑year Treasury yield rose to 4.85% and the 2‑year to 4.42%, their highest levels since October 2023, even as the buyback was announced.
- Analysts quoted by CBS News and the Associated Press said rising U.S. government debt, now above $40 trillion, is the main driver of yields and questioned how effective the buybacks will be.
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