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Treasury Launches $4 Billion-Per-Issue Long-Term Bond Buyback

8/21/2026

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Summary

Story summary

U.S. Treasury Secretary Scott Bessent launched a $4 billion-per-issue buyback of long-term Treasury bonds.
The 30-year U.S. Treasury yield rose to 5.33%, its highest level since 2007.
Alphabet announced a 5 billion Australian-dollar (?$3.6 billion) long-term bond issue, adding supply pressure.
Barclays’ Anshul Pradhan said private-investor shift added roughly 90 basis points to the 30-year term premium.

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Story summary

U.S. Treasury Secretary Scott Bessent launched a $4 billion-per-issue buyback of long-term Treasury bonds.
The 30-year U.S. Treasury yield rose to 5.33%, its highest level since 2007.
Alphabet announced a 5 billion Australian-dollar (?$3.6 billion) long-term bond issue, adding supply pressure.
Barclays’ Anshul Pradhan said private-investor shift added roughly 90 basis points to the 30-year term premium.