Hassett rejects idea U.S. may swap out high-coupon Treasuries to address debt

White House National Economic Council Director Kevin Hassett said there is "not a chance" the U.S. would restructure its debt by swapping higher-coupon Treasuries for lower-interest securities across the curve. The comment directly rebuffs speculation around debt management but does not signal an imminent policy change. Market impact should be limited, though the topic is relevant for Treasury holders and rates sentiment.

Analysis

White House National Economic Council Director Kevin Hassett said there is "not a chance" the U.S. would restructure its debt by swapping higher-coupon Treasuries for lower-interest securities across the curve. The comment directly rebuffs speculation around debt management but does not signal an imminent policy change. Market impact should be limited, though the topic is relevant for Treasury holders and rates sentiment.