The US Treasury has doubled its maximum bond buyback size from $2 billion to at least $4 billion per operation, with new parameters effective from September 9 through November 4, 2026. The move aims to address liquidity challenges in long-term bond trading. The 30-year Treasury yield, which had pushed above 5.33%, dropped by roughly 10 basis points to stabilize around 5.18% after the intervention. Treasury Secretary Scott Bessent characterized any market disruption as « temporary noise » and left the door open for operations exceeding the $4 billion floor if conditions deteriorate further. The backdrop is a US national debt that has now surpassed $40 trillion, creating significant fiscal pressure.
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