US Treasury Doubles Long-Term Debt Buybacks to at Least $4 Billion
The US Treasury will expand its long-term government debt repurchases from $2 billion to at least $4 billion after a sharp rise in Treasury yields.
The US Treasury said it will increase its long-term government debt repurchases from $2 billion to at least $4 billion, following a rapid surge in Treasury yields.
The expanded buybacks are intended to provide liquidity support for bonds maturing in 10 to 30 years. The announcement comes as total US government debt approaches $40 trillion.
Market commentary framed the move as the intervention that had been expected, with the Treasury emphasizing liquidity support for longer-dated bonds.
Source: The Kobeissi Letter