Treasury Doubles Long-Bond Buybacks After Selloff

On August 19, 2026, Treasury Secretary Bessent said the U.S. will at least double buyback operations for 10- to 30-year Treasuries, potentially exceeding $4 billion. A bond selloff had pushed the 30-year yield to record highs. Buybacks absorb long-dated supply to ease trading conditions but don't reduce outstanding debt — a distinction the market has already flagged.