ME News reports that on August 25 (UTC+8), U.S. Treasury Secretary Bentsen commented on the U.S. Treasury buyback program: “We have not purchased any bonds yet; the next operation is scheduled for September 9.” Previously, the U.S. Treasury announced that starting September 9, the maximum size of long-term liquidity support repurchase operations would be increased from $2 billion per operation to at least $4 billion. Additionally, market sources indicate that the U.S. Treasury may tap into approximately $1 trillion from its General Account to fund the recently announced expansion of the Treasury buyback program. (Source: BlockBeats)
U.S. Treasury to Increase Bond Repurchase Scale Starting September 9
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Summary
U.S. Treasury Secretary Janet Yellen confirmed on August 25 that no bonds have been purchased under the repurchase program, with the next operation scheduled for September 9. Starting September 9, the Treasury will increase the size of its liquidity support repurchase operations to at least $4 billion per transaction. Reports indicate that up to $1 trillion from the general account may be used to fund the plan. Altcoins to watch could respond to improved market liquidity.
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