Treasury's Bessent says upsized bond buybacks could increase further
The plan could expand beyond the initial $4 billion and ease long-term yields, a move that also lifted bitcoin, analysts said.
- Treasury Secretary Scott Bessent stated that government debt buybacks could exceed the planned $4 billion per issue and that the size of the buybacks will be increased.
- Bessent acknowledged that current bond trading levels do not reflect economic conditions and indicated that the Treasury has a large toolkit to address this.
- The Treasury Department is increasing purchases of long-term government debt to boost demand amid investor selling and rising yields.
- Bessent mentioned that the $40 trillion debt figure is not fixed, stating, "There's nothing magic about the 40 trillion number" and "we can grow our way out of that".
21 Articles
21 Articles
Treasury Secretary Scott Bessent said he is willing to expand efforts to buy back more expensive debt.
(New York = Yonhap News) Correspondents Kim Yeon-sook and Lim Soo-jung = U.S. Treasury Secretary Scott Besant announced on the 20th (local time) that the scale of the Treasury bond buyback would be $4 billion per round (5.58 trillion...
Bessent Says Treasury Buyback Operation Could Exceed $4 Billion
WASHINGTON D.C (VINnews) — Treasury Secretary Scott Bessent said Thursday that the U.S. Treasury Department’s accelerated buyback of longer-dated government debt could exceed the $4 billion upper limit announced a day earlier. Join our WhatsApp group Subscribe to our Daily Roundup Email Speaking in a live interview on CNBC, Bessent said the department plans to […]
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