Treasury Doubles Bond Buybacks, But $40 Trillion Debt Weighs On

MarketWatch reported August 23, 2026 that Treasury bond buybacks aren't easing market pressure. Bloomberg confirmed August 22 the U.S. national debt has hit $40 trillion. Treasury doubled buybacks to $4 billion per operation starting September 9. But buybacks address liquidity — trading smoothness — not the underlying debt stock driving new bond issuance.