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Story summary
- Treasury Secretary Scott Bessent announced the weekly bond-buyback cap will double to $4 billion, starting Sept. 9, 2026.
- The 30-year yield fell from about 5.26% to 5.18% and the 10-year dropped to 4.63%.
- The S&P 500 closed up 0.2% and the Nasdaq rose 0.16%.
- Jim Cramer called the step a “put” that may ease pressure but not fix inflation.
- Peter Boockvar said the program only reshuffles Treasury maturities, not debt paydown.
