Treasury Buyback Plan Will Boost Market Resilience, US Debt Official Says
- Department has said buyback programs will begin in 2024
- Buybacks will seek to aid liquidity, improve cash management
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The resilience of the world’s biggest bond market is top priority as US debt officials prepare to start buying back government debt, according to Josh Frost, the Treasury Department’s assistant secretary for financial markets.
“Buybacks can play an important role in helping to make the Treasury market more liquid and resilient,” Frost said Thursday in a prepared speech during a forum on the Treasury market in New York. Our goal is to “ensure that the Treasury market remains the deepest and most liquid market in the world.”