Flush with cash from a booming economy, the Treasury Department will buy back $2 billion of the national debt Thursday, the latest in a series of debt reductions, the Associated Press reported.
That means the department will ask investors who hold certain older, higher-yielding 30-year Treasury bonds to consider selling them back to the government.
In March, Treasury initiated the first buyback of debt in 70 years and has conducted a total of five such operations, buying back $9 billion of 30-year bonds.
Treasury has said it would like to buy back up to $30 billion of debt this year. The debt bought back thus far is a tiny fraction of the $5.7 trillion national debt.
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