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Bessent wrote to Warren saying that the U.S. Treasury buyback program had been implemented since the year 2024 year May, aiming to improve liquidity in the Treasury market and reduce volatility, rebutting her claim that it was “unprecedented.”
U.S. Democratic Senator Elizabeth Warren questioned Treasury Secretary Scott Bessent about the Treasury Department’s recent intervention in the U.S. Treasury market, including measures concerning funding for Treasury buybacks and lowering long-term yields.
PANews said that the U.S. Treasury will October 1 purchase up to 6000000000 USD of 10- to 20-year U.S. Treasury notes in a liquidity buyback operation.
The U.S. Treasury stated that it plans to buy back at least 4 billion and at most 6 billion USD in long-term Treasuries on Thursday.
