Money
Hosts say Treasury will double long-end buybacks, funded by bills
Forward Guidance
Treasury-Led Financial Repression Is Ushering In A Debasement Regime | Weekly Roundup
What was said
"The US Department of the Treasury is increasing by at least double the size of liquidity support buyback operations for longdated nominal coupon securities. the 10 year to 20-year sector and the 20 to 30year sector. The current maximum size of two billion per operation will be at least $4 billion per operations."
The hosts read from what they describe as a new Treasury statement increasing the maximum size of long-dated nominal Treasury buybacks from $2bn to at least $4bn per operation, covering the 10–20 year and 20–30 year sectors. They characterise the move as duration being taken out of the market, with funding coming from increased T-bill issuance, and frame it as a QE-like intervention aimed at preventing long-end yields becoming “unruly”.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Programme
- Forward Guidance
- Episode
- Treasury-Led Financial Repression Is Ushering In A Debasement Regime | Weekly Roundup
- Clip time
- 4:08
- Original source
- Watch the source segment →
From this episode
Forward Guidance