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The U.S. Treasury is at least doubling the maximum size of selected long-term bond buyback operations beginning Sept. 9, raising limits from $2 billion to at least $4 billion. The change targets 10- to 30-year nominal coupon securities as long-term yields remain elevated. Here is what the move means for liquidity, borrowing conditions, and the bond market. Key Takeaways The Treasury is increasing the maximum size of selected long-term buyback operations from $2 billion to at least $4 billion. The larger operations will cover nominal coupon securities in the 10-to-20-year and 20-to-30-year maturity sectors. The increased limits will take effect Sept. 9, 2026, and remain in place through Nov. 4. The 30-year Treasury yield reached 5.337% on Aug. 18 before falling to 5.187% on Aug. 19. The change is a Treasury liquidity and debt-management action, not a Federal Reserve monetary policy decision. The U.S. Treasury announced Aug. 19 that it will at least double the maximum size of selected liquidity-support buyback operations for longer-dated Treasury securities. The change raises the maximum purchase amount from $2 billion to at least $4 billion per operation. The announcement focuses on securities with maturities between 10 and 30 years and comes as long-term Treasury
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