Bessent Signals Further Bond Buybacks
Treasury Secretary Scott Bessent announced that the government may further increase its repurchases of long-dated Treasuries. The move aims to support market liquidity and curb rising borrowing costs amid mounting public debt.
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United States Treasury Secretary Scott Bessent said on Thursday he may increase government buybacks beyond $4 billion per operation to calm soaring long-term debt yields. The intervention follows a surprise Treasury plan announced Wednesday to double longer-dated debt repurchases. Long-term borrowing costs have surged toward two-decade highs amid heavy corporate issuance and persistent geopolitical pressures.
