US Treasury Triples Long-Dated Debt Buyback to **$6 Billion** Amid Rising Yields

• US Treasury to buy back $6 billion in long-dated debt.
• Action triples normal buyback volume to stabilize bond market.
• Aims to stem rising yields, 30-year bond hit 5.2%.

The US Treasury Department announced on Wednesday it will buy back $6 billion in longer-dated government debt, marking the first operation under an expanded program. This amount triples the typical buyback volume, following an August 19 announcement by Treasury Secretary Scott Bessent to at least double normal operations. The initiative aims to keep bond markets functioning, stem rising borrowing costs, and alleviate a recent sell-off. Treasury yields have been climbing, with the 30-year treasury bond yield reaching approximately 5.2%, a level not seen since the 2008 financial crisis, amidst concerns over rising inflation and geopolitical uncertainty.