Treasury Department Archives

Treasury Department Aggressively Pushes Down Long-Term Interest Rates via Shift to T-bill Issuance and Bond Buybacks

August 28, 2024 Stu Turley

But buybacks occur at huge losses for investors. Today it bought back a 1.25% 20-year bond for 66 cents on the dollar. By Wolf Richter for WOLF STREET. The US Treasury Department has been doing two major things […]

Treasury Department Trying Very Hard to Push Down Yields with its Quarterly Refunding Announcements. So We Take a Look

January 30, 2024 Stu Turley

Here come the “Marketable Borrowing Estimates,” showing by how much the pile of marketable Treasury securities will increase. By Wolf Richter for WOLF STREET. The Treasury Department’s Quarterly Refunding announcements, normally cause of a global yawn, have turned […]

States Beg Biden to Bolster Offshore Wind While Projects Flounder

September 16, 2023 Clark Savage

Six US governors have implored President Joe Biden to boost support for the fledgling offshore wind industry amid growing concerns that surging costs imperil multi-billion dollar projects planned for coastal Atlantic waters — and the nation’s climate […]