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Bessent Said Buyback Size Could Increase Above $4 Billion
Treasury Secretary Scott Bessent said that the sizes of longer-dated buybacks could increase even further.
“We routinely do buybacks, and we’re gonna increase the size of the buyback,” Bessent said in an interview with CNBC. “I would note that it could be more than the four billion per issue.”
On Wednesday, the Treasury surprised the market by saying it would raise the maximum size of buybacks for bonds maturing in 10 to 20 years and 20 to 30 years to “at least $4 billion per operation” from $2 billion. The buyback schedule is typically shared once every quarter, and the last one was on Aug. 5.
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