Macro Finance
Bessent Eyes Treasury Cash Pile for Debt Buybacks, CNBC Says
Bloomberg Markets·August 24, 2026·1 min read
The US Treasury could draw down some of its cash pile to fund buybacks of higher-yielding older securities in a bid to tackle rising borrowing costs, CNBC reported Monday, citing two senior departmental officials. The move would aim to reduce interest expenses as the government manages its debt portfolio amid higher rates.
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