Bessent says Treasury might push bond buybacks well past $4 billion per issue

The Treasury secretary signaled the department is prepared to expand its debt repurchase program just one day after doubling it

Treasury Secretary Scott Bessent’s plan to calm markets is being short-circuited.

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

Federal Reserve Bank of San Francisco President Mary Daly suggested the US Treasury market signals that monetary policy is in a good place. She also sees no evidence that making preemptive cuts or hikes is an urgent problem to solve. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

U.S. futures are relatively unchanged after the U.S. Treasury Department said it would at least double the size of planned purchases of longer-term government debt

US futures little changed after US Treasury doubles bond buybacks  AP News

Everything you need to know before you reach the office this morning.

The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.

U.S. Stocks Up as Treasury Buybacks Calm Bond Yields; Moderna Surges  WSJ

The U.S. Treasury Department announced Wednesday that it will buy back about twice the usual amount of its bonds to quell rising interest rates.

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

Bitcoin rises after the US Treasury doubles bond buybacks. Lower yields, a weaker dollar and liquidity hopes boost BTC, crypto and gold amid inflation fears.

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-

US Treasury to double sizes of some debt buyback operations to at least $4 billion  Reuters

Inflation accelerated to 2.9 per cent in July following the increase to the energy price cap, according to figures from the Office for National Statistics.