Warren Questions Bessent on Treasury Bond Buybacks and Long-Term Yields
The senator questioned how Treasury would fund bond buybacks and limit long-term yields while assessing effects on consumer borrowing costs.
U.S. Sen. Elizabeth Warren pressed Treasury Secretary Scott Bessent on Oct. 7 to explain the department’s handling of the Treasury market, raising questions about borrowing costs and liquidity conditions that also affect crypto markets.
Warren described the intervention as unprecedented and chaotic and asked how Treasury plans to use a lower cash balance to fund buybacks of U.S. government bonds.
She also sought details on measures intended to lower long-term Treasury yields. The senator asked whether Treasury had assessed how higher long-term yields could raise financing costs for consumers, including auto loans and home mortgages.
The questions focused on Treasury’s plans for bond buybacks, cash management and long-term yields.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.