Story perspectives

Bessent Doubles Treasury Longer-Dated Debt Buybacks to $4 Billion

8/31/2026

Summary

Story summary

Treasury Secretary Scott Bessent announced doubling longer-dated debt buybacks to $4 billion per operation.
The larger buyback program starts September 10 and has not yet run.
The 10-year Treasury yield ended Friday near 4.73% with little weekly change.
Bessent said higher yields show confidence but arise from energy prices and Iran-related inflation.
He likened the buyback plan to ECB actions under Mario Draghi and Japan’s bond buying, noting less criticism.

1 of 1

Story summary

Treasury Secretary Scott Bessent announced doubling longer-dated debt buybacks to $4 billion per operation.
The larger buyback program starts September 10 and has not yet run.
The 10-year Treasury yield ended Friday near 4.73% with little weekly change.
Bessent said higher yields show confidence but arise from energy prices and Iran-related inflation.
He likened the buyback plan to ECB actions under Mario Draghi and Japan’s bond buying, noting less criticism.