US Treasury to stick to debt auction schedule despite bigger buybacks, Bessent says

The U.S. Treasury will continue with its ⁠regularly ⁠scheduled debt auctions, including for long-dated bonds, despite its ⁠move to increase buyback sizes of 10- to 30-year securities, Treasury Secretary Scott Bessent said on Monday. Asked at a ​news conference focused on Iran sanctions about Treasury’s plans for bond buybacks and auction sizes going forward, Bessent said the department would “continue with our regular program of auctions” announced in early August. He ‌added that the Treasury…

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