April 13, 2017 / 3:08 PM / 4 months ago

U.S. Treasury to conduct small-value buyback operation

WASHINGTON, April 13 (Reuters) - The U.S. Treasury said on Thursday it would conduct a small-value buyback operation on April 19 to ensure operational readiness of its buyback infrastructure.

The operation "should not be viewed by market participants as a precursor or signal of any pending policy changes regarding Treasury's use of buybacks more broadly," the Treasury said in a statement.

The operation will be conducted by the Treasury's fiscal agent, the Federal Reserve Bank of New York. Only primary dealers may submit bids.

For details of the operation, see:

here

Washington economics newsroom

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