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Treasury to Double Debt Buybacks, Potentially Beyond $4 Billion

8/21/2026

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Summary

Story summary

U.S. Treasury Secretary Scott Bessent announced the Treasury will double its debt buybacks from Sept. 9 through Nov. 4.
Bessent told CNBC the program could exceed the initial $4 billion amount.
JPMorgan co-head James Sullivan likened the buyback to paying a mortgage with a credit card.
Evercore ISI warned the buyback could have little lasting impact and might backfire.
The Treasury aims to replace longer-duration bonds with shorter-dated bills.

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Story summary

U.S. Treasury Secretary Scott Bessent announced the Treasury will double its debt buybacks from Sept. 9 through Nov. 4.
Bessent told CNBC the program could exceed the initial $4 billion amount.
JPMorgan co-head James Sullivan likened the buyback to paying a mortgage with a credit card.
Evercore ISI warned the buyback could have little lasting impact and might backfire.
The Treasury aims to replace longer-duration bonds with shorter-dated bills.