Treasury Buyback Falters
The Treasury’s larger debt buyback failed to calm markets as yields rose.
September 9, 2026 · Updated Sep 9, 6:30pm ET
The New York TimesBond Market Rebuffs Treasury’s $6 Billion Plan to Reduce Borrowing Costs
CNBCTreasury Department to buy back up to $6 billion in longer-term debt, triple the normal level
Epoch TimesTreasury to Buy Back $6 Billion in Long-Dated US Government Debt
The GuardianBond market rebuffs US treasury’s plan to buy back $6bn in government debt
SemaforUS bond yields spike after Bessent increases buybacks
Fox BusinessTreasury to buy back up to $6B in longer-term debt as bond yields hit highest level since 2023
UPITreasury announces $6 billion in bond buybacks
Just the NewsTreasury to repurchase $6B in bonds in bid to lower debt maintenance
NBC NewsBessent’s move to tamp down rising rates backfires as bond yields jump and stocks tumble
New York PostTreasury reveals $6B in debt buybacks, triple the normal level – but markets slump
The HillTreasury to buy $6B in debt, but bond yields rise
CBS NewsFeds to buy up to $6 billion in Treasury bonds in move to ease borrowing costs
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Pano rates the coverage Balanced.
What happened
The Treasury Department announced Wednesday it will buy back up to $6 billion of 10- to 20-year U.S. government debt, raising the per-operation cap from the usual $2 billion. The move exceeds Treasury Secretary Scott Bessent
Scott BessentUnited States Secretary of the Treasury’s Aug. 19 pledge to at least double buybacks to $4 billion and is intended to support Treasury market functioning and reduce borrowing costs. Long-term yields rose after the announcement, with the 10-year Treasury climbing above 4.85% and the 20-year topping 5.3%, while stocks declined.
Global Bond Market Strain
Part of the storyline · Storyline →- Sep 1410-Year Treasury Hits 5%Balanced
- Sep 10ECB Raises Rates To 2.5%Mostly Center
- Sep 9Treasury Buyback Falters (this story)Balanced
- Sep 2Treasury Yields Hit 2023 HighsMostly Left
- Aug 21U.S. Bond Yields SurgeBalanced
