U.S. Treasury expands $6 billion bond buyback as yields climb

U.S. Treasury expands $6 billion bond buyback as yields climb

Business Politics

U. S. Treasury Secretary Scott Bessent defended a $6 billion long-term bond buyback on 11 September, saying investors were not demanding a premium for longer-dated debt even as yields continued to climb. Reuters reported that on 2 September the Treasury announced a repurchase of up to $6 billion of 10- to 20-year securities, three times its previous limit. Fox Business said the move pushed yields on the 10-year note above 4. 85% and on the 20-year bond above 5. 3%. Euronews noted investors viewed the buyback as smaller than expected, sending long-term yields to near three-year highs.

NBC News observed the program triggered a surge in yields and a decline in equity markets, showing the limits of the administration's market influence. Previously, the Treasury had coordinated a yen-purchase operation with Japan before announcing the buyback, according to Currently. com. Earlier analysts warned that record government and tech-sector debt supplies were lifting yields to multi-year highs (Yahoo Finance) and that the 30-year Treasury yield hit 5. 27%, its highest since 2007 (AlterNet). Rising oil prices above $100 a barrel and expectations of a near-term Federal Reserve rate hike later pushed the 10-year yield close to 5% (Reuters). Net interest costs reached a record 18. 5% of revenue in 2025, Fortune reported.

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Macquarie Group Thierry Wizman Gareth Berry London Stock Exchange Group (LSEG) Alphabet Amazon Meta Microsoft Oracle U.S. Treasury

Locations

Washington, D.C., United States United States

Fact Check

How these metrics work
Verdict: Partial Confidence: 62% Claims: 3
At a glance

Two claims were partially confirmed: rising oil prices above $100 a barrel and expectations of a near-term Federal Reserve rate hike pushed the US 10-year Treasury yield close to 5% on September 11, 2026, and bond yields rose across major economies on that date. One claim, regarding Federal net interest costs rising to $1 on September 7, 2026, had insufficient evidence.

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Articles

September 11, 2026
2 total
Treasury Secretary Defends Bond Buyback Amid Market Criticism
Treasury Secretary Defends Bond Buyback Amid Market Criticism

Fortune • 11 Sep 11:57

Treasury Secretary Scott Bessent argued that recent bond buyback actions were justified despite higher yields, saying investors are not demanding a premium for longer-term debt.

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US 10-year Treasury yield nears 5% as oil prices and rate-hike expectations lift global bond yields
US 10-year Treasury yield nears 5% as oil prices and rate-hike expectations lift global bond yields

Reuters • 11 Sep 05:54

Rising oil prices above $100 a barrel and growing expectations of a near-term Federal Reserve rate hike pushed the US 10-year Treasury yield close to 5%, while bond yields rose across major economies.

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September 10, 2026
5 total
Treasury Yields Near 5% as Market Pushes Back on Intervention Claims
Treasury Yields Near 5% as Market Pushes Back on Intervention Claims

fortune.com • 10 Sep 17:37

U.S. Treasury bond yields approached 5% despite recent buyback announcements, while officials and market analysts question the impact of recent intervention rhetoric.

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Bond Yields Rise as Trump Proposes $5,000 Payments to Adults
Bond Yields Rise as Trump Proposes $5,000 Payments to Adults

Fortune • 10 Sep 17:34

U.S. Treasury bond yields hit multi-year highs after President Donald Trump announced a plan to distribute $5,000 to every adult citizen, prompting concerns about increased borrowing costs.

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Treasury expands long-dated bond buyback to $6 billion, yields keep climbing
Treasury expands long-dated bond buyback to $6 billion, yields keep climbing

Reuters • 10 Sep 14:16

The U.S. Treasury announced a $6 billion repurchase of 10- to 20-year bonds, three times its previous limit, but the move did little to curb rising long-term yields.

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Treasury Official Bessent Defends Yen Support Amid Rising Global Bond Yields
Treasury Official Bessent Defends Yen Support Amid Rising Global Bond Yields

Paul Krugman | Substack • 10 Sep 10:56

Treasury Secretary Scott Bessent said the United States is in control of its yen-support operations, but market data show long-term interest rates climbing worldwide, driven by heightened demand for AI-related investment.

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US Treasury yields climb after $6 billion bond buyback falls short of expectations
US Treasury yields climb after $6 billion bond buyback falls short of expectations

Euronews.com • 10 Sep 08:12

Long-term US Treasury yields rose to near three-year highs after the Treasury announced a $6 billion buyback that investors deemed smaller than anticipated, raising concerns about borrowing costs.

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September 09, 2026
3 total
Treasury to Repurchase Up to $6 Billion of 10-Year Notes and 20-Year Bonds
Treasury to Repurchase Up to $6 Billion of 10-Year Notes and 20-Year Bonds

Fox Business • 09 Sep 19:13

The U.S. Treasury announced a buyback of as much as $6 billion in longer-dated securities, prompting yields on the 10-year note and 20-year bond to rise above 4.85% and 5.3% respectively.

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U.S. Treasury to Repurchase Up to $6 Billion of Long-Term Bonds After Yen Intervention
U.S. Treasury to Repurchase Up to $6 Billion of Long-Term Bonds After Yen Intervention

Currently.com • 09 Sep 17:25

Treasury Secretary Scott Bessent announced a $6 billion buyback of longer-dated Treasuries and earlier coordinated a yen-purchase operation with Japan, aiming to curb rising yields and support the Japanese currency.

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Treasury's $6 billion bond buyback triggers yield surge and market sell-off
Treasury's $6 billion bond buyback triggers yield surge and market sell-off

NBC News • 09 Sep 16:33

A Treasury Department program to repurchase $6 billion of long-term bonds led to higher yields and declines in stocks, highlighting limits to the administration's market influence.

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September 08, 2026
1 total
U.S. 10-Year Treasury Yield Near 5% as Bond Selloff Raises Market Concerns
U.S. 10-Year Treasury Yield Near 5% as Bond Selloff Raises Market Concerns

Reuters • 08 Sep 16:20

The 10-year Treasury yield has risen to around 5%, prompting analysis of its impact on corporate borrowing costs, stock valuations and the broader economy.

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September 07, 2026
1 total
U.S. Net Interest Payments on $40 Trillion Debt Hit Record 18.5% of Revenue in 2025
U.S. Net Interest Payments on $40 Trillion Debt Hit Record 18.5% of Revenue in 2025

fortune.com • 07 Sep 07:00

Federal net interest costs rose to $1.25 trillion in 2025, representing 18.5% of government revenue, the highest share since 1991, analysts say.

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September 06, 2026
1 total
Treasury Yields Rise Amid Weakening Demand for U.S. Debt, Analysts Say
Treasury Yields Rise Amid Weakening Demand for U.S. Debt, Analysts Say

Fortune • 06 Sep 19:41

Analysts note that despite mixed economic data, long-term U.S. Treasury yields are climbing as demand for government bonds weakens and concerns grow over the expanding fiscal deficit.

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September 03, 2026
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30-Year Treasury Yield Hits Highest Level Since 2007, Raising Debt Sustainability Concerns
30-Year Treasury Yield Hits Highest Level Since 2007, Raising Debt Sustainability Concerns

AlterNet • 03 Sep 02:12

The 30-year U.S. Treasury bond yield rose to 5.27% in July, its highest since 2007, prompting analysts to warn about the growing cost of financing large deficits.

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September 02, 2026
1 total
Bond Market Strains Under Record Supply, Driving Yields Higher
Bond Market Strains Under Record Supply, Driving Yields Higher

Yahoo Finance • 02 Sep 06:35

Analysts say an unprecedented flow of new debt from the U.S. government and tech companies is pushing bond yields to multi-year highs, raising borrowing costs across the economy.

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