Treasury Buyback Monitor

Track liquidity injection and dealer selling pressure.

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Latest Operation

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Total Liquidity Injected
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Amount Accepted (Latest)
Total Offered
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Dealer Demand to Sell
Offer-to-Cover Ratio
0.0x
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Liquidity Pulse

Accepted volume over last 10 operations

Recent Operations

Date Type Sector Accepted Offered

Understanding Treasury Buybacks

The US Treasury Buyback program allows the government to repurchase older bonds from dealers. This injects liquidity into the market and helps improve trading conditions for off-the-run securities.

Key Metrics Explained

Total Liquidity Injected

The cash amount the Treasury pays to buy back bonds. This is money entering the financial system straight from the Treasury's general account.

Total Offered

The total face value of bonds that dealers are trying to sell back to the Treasury. High values indicate that dealers are looking to offload inventory.

Offer-to-Cover Ratio

Calculated as Total Offered / Total Accepted. This metric acts as a "Desperation Meter" for the market. A high ratio (>4.0x) suggests dealers are desperate to offload illiquid bonds, while a low ratio (<2.0x) indicates a healthy, functioning market with less selling pressure.

Buyback Objectives

Liquidity Support

Operations designed to improve the liquidity of "off-the-run" (older) securities by purchasing them from dealers. This makes it easier for market participants to trade these less active bonds, reducing volatility and costs.

Cash Management

Operations used to manage the Treasury's cash balance and volatility. By buying back securities, the Treasury can smooth out its cash flows and manage the timing of its payments more effectively.

Disclaimer: For Educational Purposes Only

The data provided by this Treasury Buyback Monitor is for educational and informational purposes only. It is based on public Treasury data but may not reflect real-time market conditions. Gnosis Foundry is not a registered investment advisor, broker-dealer, or financial analyst. The information presented here should not be considered financial advice or a recommendation to trade Treasury securities. Always conduct your own due diligence and consult with a qualified financial professional before making investment decisions.