Official announcements from the U.S. Treasury Department

U.S. Treasury Sets Quarterly Refunding at $125B, Increases Liquidity Buyback to $30B, Raises $14B New Cash

Jul 31, 2024, 12:31 PM

The U.S. Treasury Department has announced a quarterly refunding amounting to $125 billion, consistent with market expectations. Additionally, the Treasury has increased its liquidity buyback program, raising the total from $15 billion to $30 billion. This adjustment is part of a broader strategy to enhance liquidity within the financial system. The tentative buyback schedule will include cash management operations, and the Treasury does not anticipate the need to increase coupon or floating-rate auction sizes in the upcoming quarters. The Treasury plans to sell $58 billion in three-year notes and $42 billion in ten-year notes as part of this initiative.