- US Treasury Secretary Bessent said buybacks could exceed $4 billion per issue
- Treasury will at least double buyback size for longer-dated securities
- US 30-year bonds erased gains after the surprise buyback announcement
US Treasury Secretary Scott Bessent said buybacks of Treasury securities could be more than $4 billion per issue.
“It could be more than the $4 billion per issue,” Bessent said Thursday on CNBC.
Bessent spoke after the Treasury Department said Wednesday that it would increase “by at least double” the size of buybacks for longer-dated securities. The impact in the market was short-lived, with US 30-year bonds erasing gains from the surprise announcement by Thursday.
Wide fiscal deficits remain a top concern for investors, along with inflation worries amid the war in Iran and supply pressure from a surge in borrowing in the artificial intelligence industry. The climb in US Treasury yields has increased the cost of servicing the national debt, which hit a record $40 trillion this week.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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