Bessent doubles US debt buybacks in response to bond market stress

Treasury Secretary Scott Bessent announced Wednesday that the Treasury Department would at least double the size of its government debt buyback operations as the Trump administration seeks to contain rising borrowing costs. The Treasury said it will increase the maximum size of its buyback operations for longer-dated n

The Treasury Department on Wednesday said it will increase the maximum amount of U.S. debt it can buy back, a move met with declining bond yields and rising stocks.  Starting next month, the department plans to double the maximum value of longer-dated securities, specifically in the 10-to-20-year and the 20-to-30-year

Yields on the longest US bond pulled back from their highest levels since 2007 after the announcement.

US Treasury Secretary Bessent doubles US long-bond buybacks in the face of surging yields  Reuters

Bond market takes a breather after surprise move by Treasury Department | CNN Business  cnn.com

The action by Secretary Scott Bessent comes amid a selloff of longer-term U.S. government debt.

The Treasury Department said Wednesday that it will more than double the size of government-debt buybacks, sending yields sharply lower and stocks higher at the market open.

Yields, at recent highs this week, dropped after treasury’s vow to ‘provide greater liquidity support’ to bond market The US treasury is doubling its buyback of government debt in an effort to balance out the bond market and counterbalance investor concern over high inflation. The yield rate on 10-year, 20-year and 30-

watch nowThe Treasury Department on Wednesday said it will more than double the size of its government debt repurchases, sending yields sharply lower at a time of substantial market stress.With fixed income markets under pressure and yields surging to levels not seen in nearly 20 years, the announcement targets the sen

Sharp sell-off in recent weeks has sent borrowing costs soaring