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07/17 06:35

U.S. Treasury Quietly Pours $20,000,000,000 Into R

U.S. Treasury Quietly Pours $20,000,000,000 Into Record-Breaking Bond Buyback Operation – Is Stealth QE Underway?

The U.S. Treasury Department has now poured $20 billion into a major Treasury buyback operation in the span of two weeks. The Treasury’s June 3rd and June 10th buybacks, which are historic in size, allow the agency to repurchase securities maturing between May and July of this year. The move has triggered social media speculation that a stealth quantitative easing operation is now underway, with the Treasury mimicking the Federal Reserve’s money-printing tactics to stimulate the economy. Skeptics argue that by repurchasing illiquid bonds with borrowed funds, the Treasury is subtly propping up the bond market to maintain confidence in an overextended system. But Bianco Research’s Jim Bianco says claims that the Treasury’s moves are a form of quiet QE are way off the mark. “Everyone is 

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