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Treasury buybacks of longer-dated Treasurys could expand under Bessent

Bessent said the Treasury could at least double its buybacks of longer-dated bonds as part of a broader “tool kit” to support the market.

Reported · Written up by our desk · Government Bonds

U.S. Treasury Secretary Scott Bessent indicated the Treasury could step in again in the bond market, pointing to what he described as a broader “tool kit,” according to MarketWatch.

Bessent’s comments this week included a plan to at least double the department’s buybacks of longer-dated Treasury bonds, signaling a potentially larger scale of intervention in the longer end of the curve.

MarketWatch said the proposal would expand the Treasury’s purchases beyond current activity, framing the move as a response option for market conditions.

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