The US Treasury announces it will double the size long-term US government debt buybacks following the rapid surge in US Treasury yields

“Repurchases of $2 billion will now be increased to “at least” $4 billion, the US Treasury said. The move is intended to provide “liquidity support” for bonds maturing in 10 to 30 years as total US debt nears $40 trillion.”

(1) The Kobeissi Letter on X: “It’s official. On July 31st, we called for US government intervention as long-term borrowing costs hit 2008 levels. Today, it happened. The US Treasury is DOUBLING buybacks to $4 billion per operation for “liquidity support.” What comes next? Let us explain. (a thread) https://t.co/cpC4uF2GmQ” / X

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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