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Treasury Doubles Long-Term Bond Buybacks to Lower Yields

8/19/2026

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Summary

Story summary

On August 19, 2026, the Treasury Department announced it will double buybacks of 10- to 30-year Treasury securities.
Secretary Scott Bessent said the larger buybacks target 10- to 20-year and 20- to 30-year issues from September 9 to November 4.
The Treasury said the move is a liquidity-support action meant to temporarily lower long-term yields.
After the announcement, yields fell to about 5.19% for the 30-year and 4.66% for the 10-year.

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Story summary

On August 19, 2026, the Treasury Department announced it will double buybacks of 10- to 30-year Treasury securities.
Secretary Scott Bessent said the larger buybacks target 10- to 20-year and 20- to 30-year issues from September 9 to November 4.
The Treasury said the move is a liquidity-support action meant to temporarily lower long-term yields.
After the announcement, yields fell to about 5.19% for the 30-year and 4.66% for the 10-year.