US Treasury Has Not Bought Any Bonds Yet, Bessent Says
· Business · Bloomberg, Financial Times
US Treasury Secretary Scott Bessent stated that his department has not purchased a single bond yet. Bessent made the remark while declining to provide further details regarding how the department might fund buybacks of higher-yielding older securities. The report does not specify when bond buyback programs might commence or how the Treasury plans to structure them.
Why it matters
Bond market participants and financial institutions await clarity on US Treasury debt management operations and potential buyback timelines.
Read the original report — Bloomberg
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