Treasury Buyback (Liquidity Support): Accepts USD 2bln of 28.65bln offers, accepts 1 issue of the 35 eligible

• Offer-to-cover 14.33x
• The issue accepted: CUSIP 912810SY5, Coupon rate 2.25%, Maturity Date 05/15/2041.

The recent Treasury buyback indicates strong demand, reflected in the high offer-to-cover ratio of 14.33x. Accepting only $2 billion of the $28.65 billion offered could signal a strategic tightening of liquidity support, potentially influencing interest rates and investor sentiment in the fixed income market.