The US Treasury Doubles Down On Buybacks
The U.S. Treasury announced yesterday that it will at least double its liquidity-supporting buyback operations for Treasury notes and bonds with 10 or more years to maturity.  The current per-operation cap of $2 billion will rise to at least $4 billion, effective September 9, 2026, and remains in place through November 4. While very close to the midterm elections, the action may appear political, but the date marks the end of the Treasury refunding cycle. The Treasury frames buybacks as a debt management tool, not a stimulus measure. In these buyback operations, the Treasury will…
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