Published on
21/08/2026 - 11:34 GMT+2
Less than 24 hours after doubling the size of its debt buybacks, the US Treasury found itself needing to reassure markets all over again as yields on the 10-year and 30-year notes erased Wednesday's declines and moved higher than before the announcement.
The move forced US Treasury secretary Scott Bessent to speak publicly and leave no doubt that Wednesday's $4 billion (€3.4bn) ceiling per operation was a floor rather than a strict limit.
"We routinely do buybacks, and we're going to increase the size of the buyback [...] I would note that it could be more than the $4 billion per issue," Bessent stated.
