PPT Issue - Default Text Box Format

Im having issues with PPT and not sure if this is just a bug or doing something wrong. I tried to set a default text box format (when i click on add textbook to have certain font, size, and bullet format). I set my desired format and right clicked on the box and went to "set as default" but then when i try to add a new textbox it goes back to the microsoft default. Any clues?

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