U.S. Treasury Abruptly Buys $10,000,000,000 of Its Own Debt in Massive, Historic Treasury Buyback

Description

The U.S. Treasury Department just issued the largest buyback of its own bonds in history. The Treasury says the $10 billion operation is designed to repurchase securities maturing between July 15th, 2025 and May 31st, 2027. Buybacks allow the Treasury to retire outstanding debt early, potentially reducing interest costs and adjusting its debt profile. This big buyback comes as rising yields increase borrowing costs, with Federal Reserve Chairman Jerome Powell continuing to keep interest rates hi...