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International Business Times
International Business Times
Business

Scott Bessent Ups The Ante With Accelerated Buybacks Of Treasury Bonds After Yields Rebound

Scott Bessent
Treasury Secretary Scott Bessent said the accelerated buyback of government debt could be higher than the $4 billion announced on Wednesday. (Credit: Saul Loeb/AFP via Getty Images)

Treasury Secretary Scott Bessent said the accelerated buyback of government debt could be higher than the $4 billion announced on Wednesday after yields rebounded and erased the drop seen after the announcement.

Speaking to CNBC, Bessent said the Treasury Department is going to "make a market" in longer-dated securities where yields have been climbing. "I would note that it could be more than the 4 billion per issue," he added.

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