Treasury’s Bond Buybacks Face Skepticism | Raleigh News

Treasury Secretary Scott Bessent is doubling bond buybacks to $4 billion per operation in a bid to cool soaring 30-year yields, but Wall Street giants like Goldman Sachs and Wells Fargo scoff—calling it too small to move the $32 trillion market. With national debt now over $40 trillion and a Fed speech looming, critics argue the Treasury’s strategy is a Band-Aid: buying long bonds while issuing short-term bills may offer temporary relief but doesn’t tackle root causes like deficits and inflation—and could even raise investor premiums. For now, it’s seen as a stopgap with no lasting impact on borrowing costs.

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