Treasury Lifts Long-End Buybacks to at Least $4bn From $2bn

The US Treasury is increasing the maximum size of liquidity-support buybacks in the 10-year to 20-year and 20-year to 30-year nominal coupon buckets from $2 billion to at least $4 billion per operation. That is the 19 August statement. The change is “at least double.” It is effective 9 September 2026 through 4 November 2026, the rest of this refunding quarter.

This is a larger bid for older, less-liquid coupons. FXStreet, citing Reuters, wrote that the size lift does not itself change the overall amount of US government debt. Treasury will say more on future sizes at the 4 November Quarterly Refunding. An updated tentative schedule comes later.

Yields, the dollar, gold — one stamp

On the FXStreet gold page: the 10-year yield is down more than 5 basis points, the 30-year nearly 9. The dollar index trades near 98.80, down 0.87% on the day, the lowest since 29 May. Gold trades around $4,490, up more than 3.5%. That is one page. It is not an average of earlier recaps.

CNBC, via Forex Factory, said the announcement sent yields sharply lower and that Treasury will “at least double” the maximum from $2 billion to “at least” $4 billion. Same two buckets.

EUR/USD was above 1.1650 and GBP/USD above 1.3600 on FXStreet’s related dollar tape after the same statement. That is the pair-specific leg of a weaker dollar, not a separate story.

Stamp	Print	Source
10-year yield	down more than 5 bp	FXStreet gold page
30-year yield	down nearly 9 bp	same page
DXY	near 98.80 (−0.87%)	same page
XAU/USD	around $4,490, up more than 3.5%	same page

Next dated items

July FOMC minutes are due 23:30 IST (18:00 GMT). Setup is already live: 9-3 hold, 65.4% September hold. The first enlarged operations are 9 September. The next refunding print is 4 November.

Live dollar and gold are on prices. The minutes stamp is on the economic calendar.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.