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Policy geopoliticsUnited StatesDeveloping story

U.S. Treasury to at least double long-dated buybacks, targeting 10–30y sector from Sept. 9

On Aug. 19–20, 2026 the U.S. Treasury announced it will raise the maximum size of its longer-dated buyback operations from $2 billion to at least $4 billion, focused on the 10- to 20-year and 20- to 30-year sectors, with the program running from Sept. 9 through Nov. 4, 2026.

On Aug. 19–20, 2026 the U.S. Treasury announced it will raise the maximum size of its longer-dated buyback operations from $2 billion to at least $4 billion, focused on the 10- to 20-year and 20- to 30-year sectors, with the program running from Sept. 9 through Nov. 4, 2026.

By adding a committed buyer into the 10–30 year Treasury sector, the operation can mechanically lower benchmark long-term yields and temporarily ease duration pressure on dollar-denominated, long-dated African sovereign Eurobonds that reference US Treasury curves. The relief is conditional: persistence depends on Fed policy signals, US fiscal/issuance dynamics, and whether buyback size and duration are sustained versus market selling pressure.

Sept 9, 2026 start of Treasury buybacks; monitor 30-year Treasury yield and upcoming Fed minutes for persistence.

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