US Treasury Bought Back $6B in Bonds, but Dealers Say Bigger Operations Still Needed
Key Highlights: Primary dealers are urging the U.S. Department of the Treasury to spread liquidity-support buybacks across a wider range of securities rather than concentrating funds in a handful of issues. In a recent operation capped at $6 billion, the Treasury received $39.636 billion in offers—an oversubscription ratio of 6.61 times—with a single bond maturing ...