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NewsWPLG Local 10 – Main FeedAugust 21, 2026Miami-Dade

U.S. Treasury expands government debt buyback program as bond yields remain elevated

The U.S. Treasury Department is doubling its planned purchases of long-term government debt in an effort to stabilize financial markets and lower bond yields. Despite this intervention, bond yields have risen back to previous levels, contributing to mixed performance in Asian stock markets and continued economic uncertainty.

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Why It Matters

Changes in U.S. Treasury s influence borrowing costs for businesses and consumers globally, affecting everything from mortgage rates to corporate investment.

Key Facts

  • The U.S. Treasury Department announced it will at least double the size of its planned purchases of longer-term government debt.
  • Treasury Secretary Scott Bessent indicated the repurchase program could be expanded further.
  • The 10-year U.S. Treasury yield rose to approximately 4.71% on Friday, up from 4.64% on Thursday.
  • The 30-year U.S. Treasury yield rose to approximately 5.26% on Friday, up from 5.18% on Thursday.
  • Japan’s 10-year government bond yield rose to 2.88% from 2.83%.
  • Brent crude oil prices fell 0.2% to $93.64 per barrel.
  • Benchmark U.S. crude oil prices fell 0.3% to $86.59 per barrel.
  • The U.S. dollar fell to 159.01 Japanese yen.
  • The euro traded at $1.1694, up from $1.1678.
  • Asian stock markets showed mixed results, with the Nikkei 225 falling 0.2% and the Kospi rising 0.9%.

Who's Mentioned

personScott Bessent“Treasury Secretary who signaled the potential for larger debt repurchase program”locationIran“Country involved in geopolitical tensions impacting global oil prices and inflat”personStan Choe“AP Business Writer who contributed to the report.”organizationU.S. Treasury Department“The federal agency managing government debt and economic policy.”