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Treasury Announces Up to $6B Long-Dated Debt Buybacks

By Drooid · Sep 15, 2026, 1:57 AM UTC · How we work

Summary

Bessent Announces Debt Buybacks

Treasury Secretary Scott Bessent announced up to $6 billion in long-dated debt buybacks.
U.S. Treasury yields rose to 5% on September 14, 2026, a level not seen since 2007.
Diesel hit a record $6.23 per gallon, lifting the 20-year yield to 5.376%.
Brent crude neared $110 a barrel, helping drive a 0.4% August CPI rise.
Average 30-year mortgage rates rose to 6.76%, up from 6.15% earlier this year.

Summary

Iran Closes Hormuz

Saudi Arabia halted its East-West pipeline after Houthis’ drone attacks, tightening crude supply routes.
Iran effectively closed the Strait of Hormuz and U.S.–Iran tanker confrontations pushed oil above $100 a barrel.
Brent crude rose toward $110 a barrel, its highest since May, as Middle East fighting escalated.
CME FedWatch raised the probability of a 0.25-point Fed rate hike to 86%-92% before the September decision.

History

Historical Context

OAPEC’s October 1973 oil embargo on the United States sent crude from $3 to about $12 a barrel—a 300% jump—and pushed U.S. imports to 6.2 million barrels per day, leading President Richard Nixon’s team to tighten monetary policy. The shock proved supply cuts can force rate hikes, a lesson reflected in 2026 Treasury yields of 5% and Brent near $110.

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Bessent Announces Debt Buybacks

Treasury Secretary Scott Bessent announced up to $6 billion in long-dated debt buybacks.
U.S. Treasury yields rose to 5% on September 14, 2026, a level not seen since 2007.
Diesel hit a record $6.23 per gallon, lifting the 20-year yield to 5.376%.
Brent crude neared $110 a barrel, helping drive a 0.4% August CPI rise.
Average 30-year mortgage rates rose to 6.76%, up from 6.15% earlier this year.

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