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A Treasury showdown with the bond market

NPR· Sep 1, 2026· 9m 29s

Why is the U.S. Treasury planning to buyback at least double the number of long-dated government bonds it usually does? And will Treasury Secretary Scott Bessent’s buyback plan pit him against both the bond markets and the Federal Reserve? Today we explain what the Treasury’s up to and what it means for you. Fact checking by Sierra Juarez . Your Next Listen — Bond vigilantes. Who they are, what they want, and how you'll know they're coming Connect with The Indicator — Sign up for The Indicator’s

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A Treasury showdown with the bond market

🇬🇧English🇬🇧English
Sample transcript — click Live captions above to run Whisper on the actual audio in your browser.
  1. Welcome to the program. I'm your host.

    Welcome to the program. I'm your host.

    0:00
  2. Today we look at the major stories shaping the news cycle.

    Today we look at the major stories shaping the news cycle.

    0:04
  3. We start in Europe, where leaders met in Brussels.

    We start in Europe, where leaders met in Brussels.

    0:09
  4. The summit focused on energy policy and migration.

    The summit focused on energy policy and migration.

    0:14
  5. Reporting from the ground, our correspondent has more.

    Reporting from the ground, our correspondent has more.

    0:19
  6. Thank you. The mood here was tense but constructive.

    Thank you. The mood here was tense but constructive.

    0:24