Treasury Secretary Scott Bessent announced a $6 billion debt buyback program on September 9, 2026, as 10-year Treasury yields climbed toward 5%—the highest level since the 2008 financial crisis. By September 11, bond yields continued climbing despite the buyback, with markets awaiting US inflation data to guide Federal Reserve expectations.
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Treasury Secretary Scott Bessent is set to reveal how far he’s initially willing to go restrain US bond yields via an expanded buyback program that has Wall Street dealers on edge.
Market participants will find out Wednesday how far Treasury Secretary Scott Bessent is initially willing to go to restrain US bond yields via an expanded buyback program. The Treasury Department is expected to announce the size of the next day’s operation to repurchase outstanding 10-year to 20-year securities. Ven Ram of Bloomberg MLIV has more. (Source: Bloomberg)
Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisis US politics live – latest updates The US treasury will buy back $6bn worth of government debt in an effort to alleviate a sell-off in the US bond market , the treasury secretary, Scott Bessent, announced on Wednesday. Rising inflation and uncertainty from the war in Iran has spooked invest
The Treasury Department announced Wednesday it will triple the maximum amount of U.S. government debt it can buy back, part of its effort to tamp down surging bond yields. The Treasury will increase its buyback limit from $2 billion to $6 billion per operation, according to its updated buyback operations schedule. The department will repurchase...
The yield on the 10-year U.S. Treasury bond hit a three-year high on Wednesday, after the Treasury Department unveiled plans to triple how much government debt it can buy back. The 10-year bond yield was up more than 2 basis points to more than 4.83 percent, after peaking at more than 4.85 percent earlier in...
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Treasury boosts debt buyback cap to $6 billion The Treasury Department announced Wednesday it will triple the maximum amount of U.S. government debt it can buy back, as part of its effort to tamp down surging...
US long-term bond yields jumped to three-year highs Wednesday after Treasury Secretary Scott Bessent’s bond buybacks failed to impress markets.
US Treasury Secretary Scott Bessent has a strategy for capping US bond yields. It’s not working.
The US government repurchased fewer 10- to 20-year securities than the maximum amount it outlined under Treasury Secretary Scott Bessent’s expanded buyback program, driving US government debt yields higher.
Treasury Secretary Scott Bessent dismissed any concerns with regard to Thursday’s smaller-than-expected debt buyback operation, and played down concerns about a jump in yields.
Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week.
Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Bloomberg MLIV's David Savage reports. (Source: Bloomberg)
Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Treasury Secretary Scott Bessent dismissed concerns about the US bond market after Thursday's smaller-than-expected debt buyback operation sent yields to multi-year highs. The Treasury market is in