Bessent Says US ‘Long Way’ From Boosting Longer-Term Debt Sales
- Treasury secretary notes Fed QT program as one factor
- Bessent says rejigging US debt sales will be ‘path dependent’
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Treasury Secretary Scott Bessent said that any move to boost the share of longer-term Treasuries in government debt issuance is some ways off, given current hurdles that include elevated inflation and the Federal Reserve’s quantitative tightening program.
“That’s a long way off, and we’re going to see what the market wants,” Bessent said in an interview with Bloomberg Television’s Bloomberg Surveillance on Thursday, when asked about “terming out” sales of US Treasuries sales. “It’s going to be path dependent.”