Politics
PGIM’s Greg Peters on Bessent’s Debt Buyback Boost
Key Points
Greg Peters, Co-CIO of Public and Private Fixed Income at PGIM, discussed the Treasury's recent decision to boost debt buybacks for 10-year to 30-year securities. The cap on buybacks has been doubled from $2 billion to $4 billion, reflecting an aggressive move to manage the debt portfolio. He speaks with Romaine Bostick & Isabelle Lee on "The Close."
Greg Peters, Co-CIO of Public and Private Fixed Income at PGIM, discussed the Treasury's recent decision to boost debt buybacks for 10-year to 30-year securities. The cap on buybacks has been doubled from $2 billion to $4 billion, reflecting an aggressive move to manage the debt portfolio. He speaks with Romaine Bostick & Isabelle Lee on "The Close." (Source: Bloomberg)