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:
Washington economics newsroom