Treasury bought back $6B in bonds, but dealers say bigger isn’t enough
The US Treasury bought back $6 billion of older government bonds on Nov. 4, hitting the full limit of its latest operation. On paper, that looks like a success for a program designed to make the Treasury market easier to trade. But there's a catch. One bond accounted for $4.9 billion, or 82% of everything…
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The US Treasury bought back $6 billion of older government bonds on Nov. 4, hitting the full limit of its latest operation. On paper, that looks like a success for a program designed to make the Treasury market easier to trade. But there's a catch. One bond accounted for $4.9 billion, or 82% of everything…
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