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Bessent Doubles Treasury Bond Buybacks to $4 Billion

8/22/2026

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Story summary
  • U.S. Treasury Secretary Scott Bessent announced doubling bond buybacks to at least $4 billion each, running September 9–November 4.
  • Gold closed the week at $4,661.60, a 1.9% rise after crossing $4,600.
  • The relative strength index hit 70.5, indicating overbought conditions.
  • The 30-year Treasury yield fell to about 5.19% then rose to 5.248% by August 20.
  • U.S. debt surpassed $40 trillion on August 18, a historic first.