Treasury bought back $6B in bonds, but dealers say bigger isn’t enough

On Nov. 4, the United States Treasury bought back $6 billion in older government bonds, reaching the maximum amount allowed for its latest buyback operation. The operation is part of a program intended to make the Treasury market easier to trade. The full-limit purchase was the latest use of that program. One single bond accounted for $4.9 billion, or 82 percent, of all the debt purchased in the buyback operation.