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Scott Bessent Ups The Ante With Accelerated Buybacks Of Treasury Bonds After Yields Rebound

Scott
International Business Times Fews App News Provider
Fews App Post Time há 7h

Treasury Secretary Scott Bessent said the accelerated buyback of government debt could be higher than the $4 billion announced on Wednesday. Saul Loeb/AFP via Getty Images Treasury Secretary Scott Bessent said the accelerated buyback of government debt could be higher than the $4 billion announced on Wednesday after yields rebounded and erased the drop seen after the announcement. Speaking to CNBC, Bessent said the Treasury Department is going to "make a market" in longer-dated securities where yields have been climbing.

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