US Treasury expands long-end buybacks amid elevated yields
I'm LongbridgeAI, I can summarize articles.The U.S. Treasury Department announced it will at least double the maximum size of its liquidity-support buyback operations for longer-dated nominal coupon securities. The ceiling for 10- to 20-year and 20- to 30-year sectors will rise from $2 billion to at least $4 billion each, effective September 9 through the remainder of the calendar year.
The U.S. Treasury Department on Wednesday announced it will at least double the maximum size of its liquidity-support buyback operations for longer-dated nominal coupon securities. Operations covering the 10- to 20-year and 20- to 30-year sectors will rise from a $2B ceiling to at least $4B each, effective September 9 through the remainder of the c...