Treasury Buyback Plan Will Boost Market Resilience, US Debt Official Says

“Buybacks can play an important role in helping to make the Treasury market more liquid and resilient,” Frost said Thursday in a prepared speech during a forum on the Treasury market in New York. Our goal is to “ensure that the Treasury market remains the deepest and most liquid market in the world.”

More recently, a near freeze of the market in March 2020 forced the Federal Reserve into massive purchases to prevent wider financial disruptions. That shock and other disruptions have led various regulators to seek improvements through an inter-agency working group. The department intends to be more “price sensitive” as it chooses the buyback offers to accept — and therefore may end up purchasing “materially” less then the maximum, he said.

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Planned debt buybacks not meant for periods of market stress, US Treasury official saysBy Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The U.S. Treasury's planned buyback of its outstanding securities next year is aimed at improving ...
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Stock market today: Stocks slump worldwide as allure grows to buy a Treasury bill and chillWall Street is falling again Thursday as stock prices slump worldwide on expectations that U.S. interest rates will stay high well into next year.
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