Treasury Department to buy back up to $6 billion in longer-term debt, triple the normal level

US Treasury yields surge as oil spike, buyback results fuel sell-off

Traders remain underwhelmed with the size of Bessent’s amped-up buyback operation Read more at The Business Times.

Treasury Announces $6B Government Debt Buyback – Thrice The Normal Level

The Department of the Treasury (USDT) said Wednesday, Sept. 9, that it would buy back up to $6 billion of long-dated government debt – triple its normal operation size – in an effort to support the market for U.S. government bonds. The announcement came as stocks fell, long-term Treasury yields rose and Brent crude oil futures […]

Bessent's Bond Buyback Backfires, Yields Hit 3-Year High

Treasury bought $5.19 billion in its expanded buyback, short of the $6 billion cap, as 10-year yields rose to 4.95% and 30-year yields hit highs since 2004.

Backfire: Trump’s buyback scheme flops as bond market panics

After a week of trying to soften his own debt problems, President Donald Trump’s ploy to reduce inflation's impact has only intensified a selloff that pushed borrowing costs to multiyear highs, reports Bloomberg.Trying to staunch the nation’s ballooning long-term borrowing costs, Trump’s Treasury Department on Thursday purchased $5.19 billion of debt maturing in 10 to 20 years. But market investors scrutinized the purchases, reports Bloomberg. “…

Yields Jump To 3 Year High After Treasury Takes Less Than Expected At Buyback Amid Flood Of Lowball Attempts

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Treasury Buyback Fails to Shock and Awe the Bond Market

“The Treasury Department failed to cow the bond market Wednesday with its amped-up buyback announcement, as rates still rose,” Axios reports. “The reaction suggests that Treasury Secretary Scott Bessent’s unusual showdown with the markets could itself add to upward pressure on interest rates — precisely the opposite of what most think he’s trying to achieve.”