US Treasury plans buyback of up to US$6 billion in longer-term debt
The operation is three times the Treasury’s normal buyback level and follows a pledge by Secretary Scott Bessent to expand repurchases.
The US Treasury Department plans to buy back up to US$6 billion in longer-term debt, an operation it described as three times the normal level.
The announcement follows Treasury Secretary Scott Bessent’s pledge on 19 August to at least double the size of normal buybacks. Earlier reporting had indicated the department was expected to disclose the size of the operation.
The US$6 billion figure is the announced maximum, not the amount already purchased. The available material does not specify the execution date, eligible maturities, detailed terms or the final amount bought.
Treasury’s announcement did not provide a confirmed policy rationale for the operation. Broader market conditions, including elevated US Treasury yields, have been cited separately but are not established in the available material as the reason for the buyback.
