WASHINGTON, United States: The Treasury bond buyback will rise to as much as USD 6 billion on Thursday, triple the normal size, as officials seek to support liquidity in longer-term government debt.
The U.S. Treasury Department announced the operation Wednesday and said future buybacks would be at least USD 4 billion. The move will target less-liquid 10- and 20-year Treasury notes.
Despite the announcement, long-term yields moved higher. The benchmark 10-year Treasury yield reached 4.841% around 11:30 a.m. ET on September 9. The 20-year yield climbed to 5.314%, while the 30-year bond rose to 5.307%, according to the CNBC report.
Treasury Secretary Scott Bessent had said on August 19 that the department would at least double its standard USD 2 billion buyback operation.
Read: Iran Threatened the US with “Economic Warfare”
The new USD 6 billion cap goes beyond that initial increase. The Treasury said Thursday’s transaction will take place during a 20-minute window ending at 2 p.m. ET.
Treasury Secretary Scott Bessent challenged traders to test his resolve on boosting Japan’s currency, saying when he wades into markets these days he’s effectively doing so with inside information. David Finnerty explains:
Read: Iran-US Tensions Rise as Tehran Warns of Heavier Retaliation
Higher yields have coincided with rising government debt, inflation concerns linked to tariffs and the Iran conflict, and crude oil trading above USD 100 a barrel, the report says.
Treasury issuance in 2026 is up 11.8% from 2025, while publicly held federal debt has risen 8.2% to USD 31.8 trillion.
