The Treasury Department announced a program to purchase long-term bonds.
Posted by Bulwark Takes, Checked
- Sources
- 4 support2 context
- Said
- 1 time·
- Confidence
- 92%
Bulwark TakesAug 21, 2026
On August 19, 2026, the U.S. Treasury announced it would double the size of its liquidity-support buybacks of long-dated (10- to 30-year) Treasury securities, which is a program to purchase long-term bonds. Reuters, Yahoo Finance, Investopedia and EP Wealth all report this announcement, which predates the August 21 post.
This claim is about the present, so it is judged as of the day it was checked.
What was said
… transition, we had a little bit of news this week, uh, again, a thing that you wouldn't expect to get a lot of attention, but there is this Treasury buyback program, which, like, I'm actually surprised that this has captured as much attention span as it has. Basically, Scott Besson, the Treasury Secretary, announced that the Fed, it's not the Fed, excuse me, the Treasury was going to be making some big purchases of long bonds, you know, these, these, uh, 10 year 20 year 30 year bonds, uhm, uh, and, uh, and buy them back, the Treasury itself had previously issued. Right, right, right. …
Bulwark Takes · · from the transcriptPost →What we found
Supports. Reuters reports that the U.S. Treasury announced on August 19, 2026 support measures for long-duration bonds, doubling buyback sizes for 10- to 30-year Treasury debt.[1]
Supports. Yahoo Finance reports the Treasury announced it is increasing the maximum size of its liquidity-support buyback operations for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation, effective September 9.[2]
Supports. Investopedia and EP Wealth describe the Treasury's announced plan to buy back longer-dated Treasury bonds to ease rising yields, made the week of August 19.[3][4]
Context. The program is a buyback of previously issued debt, funded by T-bills rather than new money, and the buyback size was later raised further, which does not change the August 21 status of the claim.[5][6]
Sources
6 sources: 1 fact-checker, 4 not rated, 1 tier 2
- 1Treasury Secretary Bessent doubles US long-bond ...reuters.com · fact-checker · cited for: supports
- 2Treasury doubles long-term bond buybacks to $4 billionfinance.yahoo.com · not rated · cited for: supports
- 3The Treasury Just Stepped in to Support Long-Term Bonds. Here ...investopedia.com · not rated · cited for: supports
- 4The Market Update 08/24/26epwealth.com · not rated · cited for: supports
- 5Here's How The Treasury Bond Buybacks Can Impact Your Portfolioforbes.com · tier 2 · cited for: context
- 6US Treasury issuance guidance set for biggest overhaul in nearly three years, with long-bond cuts and greater T-bill reliance in focusfinance.biggo.com · not rated · cited for: context
Where this claim was made
Said in 1 published post
Related claims
- The Treasury Department's bond buyback program caused long-term interest rates to increase.False
- The Treasury Department's bond buyback program is scheduled to begin in September.True
- The 10-year bond yield rose from 4.8% to 5.04% following the Treasury Secretary's intervention.Mixed
- Treasury Secretary Besant spent over $10 billion to lower the yield on the 10-year bond.False
- Scott Bessent is buying up Treasury instruments to push interest rates down.True