The US Treasury suddenly bought $ 10,000,000 from its own debt in a massive and historic cash repurchase
The Department of the US Treasury has just issued the greatest repurchase of its own obligations in history.
The treasure said The $ 10 billion operation is designed to buy titles that mature between July 15, 2025 and May 31, 2027.
The acquisitions allow the Treasury to retire in suspense in progress, potentially reducing the costs of interest and adjusting its debt profile.
This big acquisition comes as the increase in yields increases loan costs, the president of the federal reserve Jerome Powell continues to maintain higher interest rates.
In an interview in April with BloombergThe secretary of the Treasury, Scott Bessent, rejected the concerns concerning the foreign nations fueling a bond market sale, pointing rather that investors relax leverages.
At the same time, Bessent specifically called the treasure capacity to increase its buyout program if necessary.
When asked if he discussed concerns about the stability of the treasury market with Powell, Bessent rejected the idea that there is a cause of alarm.
“More specifically, have we discussed a kind of glass breeze?” I think we are far from that. ”
Historical files indicate that the greatest redemption of the Treasury took place in 2000, with around $ 3 billion.
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