Treasury buyback boost: The US Treasury could tap its nearly $950 billion cash balance to fund expanded government bond buybacks, CNBC reported, citing two senior Treasury officials.
The move could give Treasury Secretary Scott Bessent greater firepower to influence long-term borrowing costs.
The Treasury last week doubled planned purchases of older, less-traded long-term securities to at least $4 billion from $2 billion.
Officials said the Treasury General Account is available for the programme, though no decision has been made on how much could be used.
Treasury buyback boost: The US Treasury could tap its nearly $950 billion cash balance to fund expanded government bond buybacks, CNBC reported, citing two senior Treasury officials. The move could give Treasury Secretary Scott Bessent greater firepower to influence long-term borrowing costs. The Treasury last week doubled planned purchases of older, less-traded long-term securities to at least $4 billion from $2 billion. Officials said the Treasury General Account is available for the programme, though no decision has been made on how much could be used.
