6:05 PM · 9 September 2026

Treasury triples bond buybacks, but yields keep rising 🚩 TNOTE at its highest since November 2023

The U.S. Treasury has tripled the size of its next long-term bond buyback to $6 billion, as Treasury Secretary Scott Bessent seeks to curb rising borrowing costs.

  • Despite the larger buyback, U.S. Treasury prices fell, pushing the 10-year yield to 4.85%, its highest level since 2023. Investors may have expected stronger intervention.
  • Bessent stresses that the expanded buybacks are intended to improve market liquidity and limit sharp moves in yields, rather than alter the fundamental valuation of U.S. Treasuries.
  • Interestingly, before the latest move, Bessent had indicated that the scale of buybacks would be “at least doubled.” In the end, it was tripled, yet yields rose even further following the announcement.

The U.S. 10-year Treasury futures contract has fallen to levels not seen since November 2023, with the RSI close to oversold territory. The downtrend has continued virtually uninterrupted since early March 2026.

Source: xStation5

30 September 2026, 10:52 AM

Chart of the Day: Pound strongest in a month (30.09.2026)

30 September 2026, 9:25 AM

Economic Calendar: Wall Street Awaits PCE Data and Micron Earnings (30.08.2026)

30 September 2026, 7:45 AM

Morning Wrap: AI drives Nikkei 225 gains, oil prices decline (30.09.2026)

29 September 2026, 7:03 PM

Daily summary: Wall Street sentiment weakens amid hawkish Fed remarks 🚩 USDIDX at its highest level since July 24

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits