00:00The Treasury Department is doubling the size of its buyback operations for longer-term government
00:05debt, and a move aimed at improving liquidity and easing pressure in the bond market.
00:10Starting September 9, the maximum size of certain operations will rise from $2 billion to at least
00:16$4 billion, covering Treasury securities in the 10- to 30-year range. The announcement helped
00:22push longer-term Treasury yields lower as investors welcomed the added market support.
00:27Treasury says the larger operations reflect strong demand from investors looking to sell
00:32these securities.
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