Treasury Doubles Long-Bond Buybacks to Counter Selloff

On August 19, 2026, Treasury Secretary Bessent said the U.S. will at least double liquidity-support buyback operations for 10- to 30-year Treasuries, potentially exceeding $4 billion. The move follows a bond selloff that pushed the 30-year yield to its highest level. Buybacks absorb long-dated supply to improve trading conditions but do not reduce outstanding debt — a distinction the market has already flagged.