US Treasury to buy up to $6 billion in Sept 10 buyback operation
The Treasury Department said on Wednesday that it will buy up to $6 billion in 10- to 20-year Treasury bonds during its buyback operation on Thursday, triple the size of its last long-dated operation. The Treasury last month said it would at double the size of its buybacks on longer-dated securities to at least $4 billion over the next quarter in an effort to support liquidity. Also read: 10-year…
The US Treasury Department announced on Wednesday that it will conduct a buyback operation for up to $6 billion in 10- to 20-year Treasury bonds on Thursday, marking a significant increase from its previous long-dated buyback of $4 billion. This move is part of the Treasury's strategy to support liquidity in the market, following a recent selloff that pushed 30-year yields to their highest level since 2007.
The Treasury's decision to purchase older, less liquid securities aims to stabilize yields, with the 10-year yield reaching a high of 4.8528%, the highest since November 2023.
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- Feds to buy up to $6 billion in Treasury bonds. Here's why. cbsnews.com
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- US Treasury to Buy Up to $6 Billion in Long-Dated Debt bloomberg.com
- Treasury boosts debt buyback cap to $6 billion thehill.com
- US Treasury to buy back up to $6bn in long-term bonds ft.com
- Treasury to buy back more government bonds than previously announced marketwatch.com
