{
  "id": 2066938,
  "title": "US doubles long-bond buybacks amid surging yields",
  "url": "https://urgent.news/2026/08/20/us-doubles-long-bond-buybacks-amid-surging-yields-2066938",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T02:08:12.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/08/20/us-doubles-long-bond-buybacks-amid-surging-yields"
  },
  "original_language": "en",
  "account": "On Wednesday, the US Treasury announced measures to double buybacks for long-duration bonds in an effort to stabilize rising yields that had alarmed global investors. This was the second intervention in a month by Treasury Secretary Scott Bessent, following a currency intervention in Japan. The decision came after a significant bond selloff pushed the 30-year Treasury yield to its highest level since 2007, due to concerns over the US-Israeli war with Iran and a deteriorating US fiscal picture. Higher bond yields increase borrowing costs for households, companies, financial markets, and the federal budget.\n\nThe Treasury will increase buyback sizes to at least $4 billion per operation for 10- to 30-year Treasury debt securities, effective from September 9 through November 4. This move is intended to provide greater liquidity support in long-dated nominal sectors, which have shown strong sponsorship from market participants. President Donald Trump reassured Americans that they should not be concerned about volatility in the bond market.\n\nMarkets analysts believe that the Treasury's action reflects sensitivity to debt market pressures, which could lead to higher borrowing costs for the private sector. The yield on the benchmark 10-year Treasury note also decreased slightly to 4.66%, signaling a temporary relief in yields. However, the Treasury Secretary's actions are seen as a temporary measure to address immediate market concerns, as the US still needs to finance a mounting debt and deficits.",
  "summary": "The US Treasury raised buybacks by at least US$14 billion this quarter after 30-year yields hit a 19-year high.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "US doubles long-bond buybacks amid surging yields",
        "url": "https://urgent.news/2026/08/20/us-doubles-long-bond-buybacks-amid-surging-yields",
        "published": "2026-08-20T02:08:12.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}