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The US Treasury Department seems spooked by rising T-bond yields—but can it hope to cap them?

The US Treasury will double long-dated bond buybacks to calm rising yields and borrowing costs. However, strategy efficacy is questioned. Quarterly buybacks appear insufficient against enormous US debt. Demand for US bonds declines due to widening deficit, inflation fears, and increased bond supply. Investors, valuing policy reliability, demand higher yields, making bending the T-bond yield curve challenging as market forces dominate policy.

LiveMint · Mint Editorial Board · Aug 21, 2026 at 2:30 AM

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