Treasury to keep debt auction schedule
Treasury Secretary Scott Bessent announced that the United States will maintain its regular debt auction schedule despite plans to increase long-term bond buybacks. The strategy aims to support market liquidity without disrupting current issuance plans.
The United States Treasury will stick to its regular debt auction schedule despite plans to double longer-dated bond buybacks to at least $4 billion per operation, Treasury Secretary Scott Bessent said on Monday afternoon. The intervention aims to support market liquidity after yields reached the highest levels in nearly two decades. Bessent's aggressive maneuvers highlight a shifting policy approach to curb soaring federal debt service costs.
