U.S. Treasury Deputy Secretary Brook says bond buyback program will expand

  • Brook said Treasury will continue refining and expanding its buyback program.
  • Treasury plans a stable transition to a central clearing mechanism.
  • Money market fund demand for short-term Treasuries appears to be increasing.

U.S. Treasury Deputy Secretary Brook said the department will continue refining and expanding its Treasury bond buyback program. Brook also said the Treasury plans to pursue a stable transition to a central clearing mechanism, while demand from money market funds for short-term Treasuries appears to be increasing. PANews reported the remarks on Sept. 22.

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