TLT - The Hidden Benefit Of The Treasury Buyback Program

2024-05-06 11:30:56 ET

Summary

• The US Treasury announces the launch of the Treasury Buyback Program to improve liquidity in the Treasury market.
• The program will involve weekly buybacks of up to $2 billion in coupon securities and up to $500 million in TIPS.
• This is the Treasury's first Buyback Program since 2000-2002 and aims to address the deterioration in market liquidity.

With their Quarterly Refunding Announcement for 2Q24, the U.S. Treasury revealed the launch of their new Treasury Buyback Program, to commence on May 29 ^th .

The Treasury plans to conduct weekly Liquidity Support Buybacks of up to $2 billion in coupon securities, and up to $500 million in TIPS, per operation....

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