Treasury Plans $6 Billion Bond Buyback as August Home Sales Fall 2%
Macro
The U.S. Treasury is buying back at least $6 billion in government debt, triple its normal amount and well above the Aug. 19 estimate from U.S. Treasury Secretary Scott Bessent, who said the move is meant to help markets run smoothly. Separately, the National Association of Realtors reported that sales of previously owned homes fell 2% in August from July, marking the slowest pace since June 2025 and signaling serious struggles for homebuyers facing high prices and mortgage rates.
