Yellen Flags Potential for Buybacks of Treasury Securities
- Treasury chief notes relative illiquidity in 20-year bonds
- Yellen notes that other nations conduct buyback operations
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Treasury Secretary Janet Yellen flagged the potential for buybacks of certain US government securities, after her department quizzed market participants on the potential for the maneuver to improve liquidity in the market.
“It’s something a number of” other governments “have done from time to time,” Yellen said in answering reporters’ questions after an event in New York Monday. “I don’t think it would be a main intervention tool we would use -- but it’s conceivable that something could be done there.”