Bessent says Treasury buyback operation could be more than $4 billion

watch nowTreasury Secretary Scott Bessent told CNBC on Thursday that an accelerated buyback of government debt could be higher than the announced $4 billion.In a live interview, Bessent said his department is going "make a market" in the longer-dated securities where yields have been surging lately. Treasury announced Wednesday that it would be doubling its scheduled $2 billion in buybacks of longer-dated government debt, sending yields sharply lower."We're going to increase the size of the buyback," he said. "I would note that it could be more than the 4 billion per issue."The remarks caused a bit of easing in yields, though they had largely reversed the decline following Wednesday's announcement. The 30-year bond most recently was trading around 5.235%. The so-called long bond recently h