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Treasury Department to buy back up to $6 billion in longer-term debt, triple the normal level
The much-anticipated announcement triples the normal buyback operation and follows an announcement from Treasury Secretary Scott Bessent.
AI Summary
The Treasury Department announced it will repurchase up to $6 billion of existing government debt in a single operation intended to keep bond markets functioning. This amount triples the typical size of such buybacks and follows Treasury Secretary Scott Bessent’s August 19 statement that the department would at least double the normal volume for already‑issued securities.
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