US Department Of The Treasury Completes A Record $14.7B Debt Buyback March

The US Department of the Treasury completed a record $14.7 billion debt buyback operation on March 10, 2026 with settlement on March 11, 2026. This marks the largest single Treasury buyback in history. The operation targeted nominal coupon securities maturing between April 15, 2026, and February 29, 2028. The Treasury had announced a maximum par amount of $15 billion to be redeemed, but accepted $14.697 billion in par value from offers totaling nearly $41 billion submitted by participants. This buyback is part of the Treasury’s regular debt management strategy, which includes: Improving liquidity in the massive US Treasury market over...