U.S. Treasury Launches New Program to Buy Up to $6 Billion in Long-Dated Debt

In a strategic move to alleviate pressure on government borrowing costs, the U.S. Treasury announced it will purchase up to US$ 6 billion worth of long-dated debt securities as part of Secretary Scott Bessent's broader strategy to keep financing expenses under control amid inflationary pressures and growing global uncertainties. This expanded buyback program is a direct response to rising market interest rates aimed at ensuring financial stability in the current complex macroeconomic environment. The measure seeks not only to contain borrowing costs but also to bolster confidence in the banking system and overall economy against both external and internal uncertainties.