US Treasury Secretary Scott Bessent said that any move to boost the share of longer-term Treasuries in government debt issuance was some way off given current hurdles, including 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 Surveillance on Thursday (Friday AEDT), when asked about “terming out” sales of US Treasuries sales.
