Treasury Hints Debt Buyback May Exceed $4 Billion as Long-End Yields Climb

Bessent Signals Bigger Intervention in Long-Dated Securities Treasury Secretary Scott Bessent revealed Thursday that the federal government’s debt buyback program could expand well beyond the $4 billion per operation ceiling announced just one day earlier. Furthermore, his comments aimed to reassure markets grappling with surging long-term interest rates that have climbed to levels not seen […]…