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".
12 Articles
12 Articles
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. Speaking in a live interview on CNBC, Bessent said the department plans to “make a market” in longer-dated securities, where yields have surged […]
Treasury Debt Buybacks Might Be More Than $4 Billion, Bessent Says
Treasury Secretary Scott Bessent said on Aug. 20 that the government debt buyback operation could be larger than the recently announced $4 billion. The department revealed a day earlier that it will double its planned $2 billion in buybacks of long-dated Treasury securities beginning next month. Washington plans to “make a market” for long-run Treasury securities as liquidity conditions for the 30-year bond are “very poor,” Bessent said. “We’re …
Bessent Flags Bigger Buyback Potential, New Fiscal Plan Coming
Treasury Secretary Scott Bessent said that he’s prepared to expand efforts to buy back costlier debt and that the administration will be unveiling a new fiscal initiative to address the highest borrowing costs in years.
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