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… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Treasury bought back $6B in bonds, but dealers say bigger isn’t enough
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CryptoSlateBy Andjela Radmilac
EXECUTIVE SUMMARY
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… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- 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.
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