Pisent: Treasury bond buybacks may top $4 billion per issue
The U.S. Treasury Secretary, Janet Yellen, informed Treasury Secretary Scott Bissett that the Treasury Department's announced bond buyback program may exceed $4 billion per issuance, aiming to calm long-term bond market pressures and improve liquidity, especially after yields have risen significantly in recent times. This comes amidst pressures on the long end of the yield curve, as current yields do not reflect the true economic conditions, with liquidity in the 30-year Treasury bond market being weak. Bissett also pointed out that U.S. debt has surpassed $40 trillion and that global economic growth is the key to overcoming this debt, along with strengthening interventions to address challenges and market instability.
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