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Bessent Doubles Long-Dated Treasury Buybacks Amid Yield Surge

8/27/2026

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Summary

Story summary

U.S. Federal Reserve (Fed) Chair Kevin Warsh will speak at the Jackson Hole symposium on Aug. 28.
The July FOMC kept the federal funds rate at 3.50%-3.75% with a 9-3 vote, despite three members wanting a hike.
The 30-year Treasury yield rose to its highest level since 2007, prompting a bond sell-off.
Treasury Secretary Scott Bessent doubled planned long-dated Treasury buybacks to boost liquidity amid the yield rise.

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Story summary

U.S. Federal Reserve (Fed) Chair Kevin Warsh will speak at the Jackson Hole symposium on Aug. 28.
The July FOMC kept the federal funds rate at 3.50%-3.75% with a 9-3 vote, despite three members wanting a hike.
The 30-year Treasury yield rose to its highest level since 2007, prompting a bond sell-off.
Treasury Secretary Scott Bessent doubled planned long-dated Treasury buybacks to boost liquidity amid the yield rise.