- The US Treasury will purchase up to $6 billion of longer-dated government debt on Thursday under Secretary Scott Bessent's expanded buyback program.
- The maximum size is three times the $2 billion initially communicated to investors in early August.
- Treasury discarded the original $2 billion plan in a surprise Aug. 19 announcement, saying it would at least double such operations.
- The expanded program aims to stem the recent rise in borrowing costs.
Quotes
“The US Treasury said it will purchase up to $6 billion of longer-dated government debt on Thursday”
“The maximum size is triple the amount initially communicated to investors back in early August of $2 billion.”
“at least double”