Episode 386: Review of TBAC report to Secretary of the Treasury

This episode examines a recent report from the Treasury Borrowing Advisory Committee (TBAC) to the Secretary of the Treasury. This report covers a number of important topics that include projected funding needs, trade policy, longer-term yields in Treasuries, Treasury’s buyback program, conversation on the debt limit, and terms of issuance. This report was released on April 29, 2025. A link to the report is included below.

Link: Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee | U.S. Department of the Treasury