US Treasury Secretary says buyback size could exceed $4 billion per operation
MacroDigital Finance
US Treasury Secretary Scott Bessent indicated on the 20th that the Treasury could further expand the size of its government bond buybacks. On the 19th, the Treasury announced it would double the size of its liquidity-support buyback operations for longer-dated nominal coupon securities from $2 billion to at least $4 billion per operation. In an interview with CNBC, Secretary Bessent said, "We intend to increase the size of the buybacks," and added that "the amount per buyback could exceed $4 billion." He also stressed that the dollar is "stable" and stated, "We will continue to maintain a strong dollar policy." Following Secretary Bessent's remarks, the dollar-yen pair traded around 158.8 yen, up 0.4%.
