US Treasury says bought $5.2 bln in buyback operation
TLT•Focus remains on older, less liquid debt
The buybacks are focused on older, less liquid debt.
Repurchase size increased from previous operation
The government had announced on Wednesday that it would repurchase up to $6 billion in debt of that maturity range — triple the maximum amount offered in the previous operation.
Last month, the Treasury said it would double the size of its buybacks on longer-dated securities to at least $4 billion, aiming to support liquidity after yields jumped and the 30-year yield hit its highest level since 2007.
Treasury buys back $5.187 billion in 10- to 20-year bonds
The U.S. Treasury Department said Thursday that it bought back $5.187 billion in 10- to 20-year bonds as part of its ongoing buyback operation to support market liquidity.
Bonds worth $10.489 billion were offered during the operation.
