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Top related persons:
— - 1 Janet Yellen - 1 TBAC - 1 Steven Zeng - 1 Meghan Swiber - 1 Swiber - 1 Ben Jeffery - 1 Karen Brettell - 1
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Search resuls for: "TBAC"


4 mentions found


☆ Demand for Treasury bonds is showing early signs of weakening as US plans to increase supply
  + stars: | 2023-11-01 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
The Treasury Borrowing Advisory Committee said there are early signs of waning demand for US bonds. The warning came as the Treasury Department increased its borrowing plans, boosting the supply of bonds. AdvertisementAdvertisementDemand for Treasury bonds is starting to weaken among investors just as the federal government is increasing the supply of US debt. AdvertisementAdvertisementThe rising US dollar may also pressure some foreign central banks to sell Treasury bonds to help prop up their currencies, the report added. AdvertisementAdvertisementThe warning comes as the Treasury Department provided fresh updates on its borrowing plans.
Persons: —, Janet Yellen, TBAC Organizations: Treasury Department, Service, Treasury
☆ Auction sizes set to increase at US Treasury refunding
  + stars: | 2023-07-28 | by ( Karen Brettell | ) www.reuters.com   time to read: +4 min
The Treasury earlier this month posted a $228 billion budget deficit for June, up 156% from a year earlier. "They have to grow coupon auction sizes - not just at the August refunding, not just at the November refunding, but also at the February refunding as well, because they are ultimately trying to balance this supply picture between bills vs coupons and this growing financing need," Swiber said. The Treasury Borrowing Advisory Committee (TBAC) recommends that bills make up 15-20% of the total marketable debt. The Treasury will release its quarterly borrowing requirement Monday afternoon, and its refunding news comes Wednesday at 0830 ET/1230 GMT. The Treasury surveyed dealers about their opinion on how some details of the program should work ahead of the August refunding.
Persons: Steven Zeng, Meghan Swiber, Swiber, Ben Jeffery, Karen Brettell, Davide Barbuscia, Gertrude Chavez, Dreyfuss, Hugh Lawson Organizations: U.S . Treasury Department, Treasury, COVID, Deutsche Bank, Bank of America, BMO Capital Markets, Thomson Locations: U.S
☆ Treasury debt advisers warn of 'seismic' impact from U.S. debt payment delays
  + stars: | 2023-05-10 | by ( David Lawder Jahnavi Nidumolu | David Lawder | Jahnavi Nidumolu | ) www.reuters.com   time to read: +2 min
The advisers said the standoff between Republicans and Democrats in Congress and the White House has already raised taxpayer borrowing costs through weak Treasury auctions and high yields for short-dated Treasury Bills, while ratings agencies are already publishing analyses of potential U.S. ratings downgrades. They said the Treasury market's role as the backbone of the entire financial system would be called into question, leaving the debt market without a benchmark pricing firm and causing investors to pull back from fixed-income and equity markets. Their letter was distributed after President Joe Biden met with Republican House of Representatives Speaker Kevin McCarthy at the White House with no signs of softening their positions, though they agreed to continue talks. The advisers said that following the banking turmoil that started in March, the debate over raising the debt limit is "reckless and irresponsible." A protracted negotiation would have short-term costs, but a default is an "unthinkable" event, the executives said.
☆ US Treasury asks major banks if it should buy back U.S. government bonds
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +2 min
Oct 14 (Reuters) - The U.S. Treasury Department is asking primary dealers of U.S. Treasuries whether the government should buy back some U.S. government bonds to improve liquidity in the $24 trillion market. Investors are worried about rising volatility in bonds as the Federal Reserve rapidly raises interest rates to bring down inflation. The Treasury is also querying whether reduced volatility in the issuance of Treasury bills as a result of buybacks made for cash and maturity management purposes could be a "meaningful benefit for Treasury or investors." The Treasury Borrowing Advisory Committee (TBAC), a group of banks and investors that advise the government on its funding, has said that Treasury buybacks could enhance market liquidity and dampen swings in Treasury bill issuance and cash balances. The Treasury is posing the questions as part of its regular survey of dealers before each of its quarterly refunding announcements.
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