Treasury triples long-dated debt buyback scope, cap at $6 billion
U.S. Treasury said it will triple the scope of an upcoming debt buyback operation, capping purchases of long-dated government debt at $6 billion. Markets still sold off afterward.
S. Department of the Treasury said on Wednesday it will triple the scope of its upcoming debt buyback operation, with the purchase size capped at $6 billion for long-dated government debt. The move did not calm financial markets, which sold off and pushed long-te…