US Treasury keeps auction sizes unchanged through July, launches buyback

- US Treasury Department plans to keep auction sizes steady for US notes and bonds - Total refunding of $125 billion for May to July quarter - Launching first buyback since 2002, with first one scheduled on May 29 - No cash management buybacks planned for May to July 2024 quarter - Possible increase in auction sizes by mid-2025 - Buybacks can help improve liquidity in the bond market by providing regular opportunities for market participants to sell back older and less liquid securities - Treasury plans to address seasonal or unexpected changes in borrowing needs through changes in regular bill auction sizes and cash management bills - Plans to change regular six-week cash management bills into a benchmark bill based on recommendations from primary dealers and TBAC

Summarized top reddit comments: - US Treasury keeping auction sizes unchanged - Launching buyback program - Injecting more money into the economy - Providing support to institutions to lend and borrow - Banks may be experiencing trouble in the current economic situation