Bessent tapping Treasury’s rainy-day fund for buybacks isn’t a ‘bazooka’ to get markets to move his way

Bessent’s move “does not change anything. It just reduces the cash that Treasury has on deposit,” one analyst says.

August 24, 2026 11:41 AM ET Treasury Secretary Scott Bessent could tap a nearly $1 trillion cash reserve to fund Treasury bond buybacks, giving the Trump administration more firepower to push down long-term borrowing costs as investors increasingly question the U.S.’s fiscal sustainability, CNBC reported Monday.The Tre

Aug 24 : Michael Saylor's Strategy set aside about $1.6 billion in cash to fund future treasury operations, including potential bitcoin purchases and share buybacks, the company disclosed in a regulatory filing on Monday.The world's largest corporate buyer of bitcoin dubbed the liquidity pool "USD Cash," which will be

Yields Fall Amid Report Treasury Could Use General Account for Buybacks  WSJ

The Genius Act requires stablecoins to hold short-term Treasurys, which could support Treasury Secretary Scott Bessent's effort to shift borrowing toward shorter maturities

Treasury yields fell Monday as investors await Federal Reserve Chair Kevin Warsh's keynote speech at Jackson Hole later this week.

Plus: the U.S. hits Canada with 50 percent tariffs, a federal judge voids Trump’s visa ban, and Dan Sullivan endorses Dan Sullivan in race against Dan Sullivan.

Investors and analysts poured scorn on US Treasury Secretary Scott Bessent’s doubling of long-term bond purchases, which provided temporary relief but faces structural economic headwinds that are driving yields higher.

"If the market price of USTs is not 'allowed' to adjust down, the foreign exchange price of UST owned by foreign investors has to adjust via a weakening in the dollar."

Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength “Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country’s debt mountain surpassed another bleak record. Yet Bessent’s decision to i