Treasury Secretary Scott Bessent said on Aug. 20 that the government debt buyback operation could be larger than the recently announced $4 billion.
The department revealed a day earlier that it will double its planned $2 billion in buybacks of long-dated Treasury securities beginning next month.
Washington plans to “make a market” for long-run Treasury securities as liquidity conditions for the 30-year bond are “very poor,” Bessent said.
“We’re going to increase the size of the buyback,” he told CNBC in a live interview. “I would note that it could be more than the 4 billion [dollars] per issue.”
While he stopped short of providing a number, the senior administration official said the figure will depend on market conditions and that the Treasury has a “big toolkit.”…