Treasury to Reveal Size of Bond Buyback Plan as Bessent Warns FX Traders

The U.S. Treasury Department is set to announce the size of a planned buyback program for longdated government debt, with the update expected on Wednesday. The move is part of an effort to support market functioning and help limit pressure on Treasury yields. Treasury Secretary Scott Bessent signaled that the program could be larger than previously suggested. The department had already said it would buy back at least $4 billion in longerterm notes, and some analysts now expect the final figure could be closer to $5 billion to $6 billion or more. Bessent also made a pointed remark to currency traders this week, saying, "I'm the house now," in reference to Treasury actions in foreign exchange markets. Market participants are watching the announcement closely, along with Thursday's actual buyback operation and the level of demand from debt holders.