📰 At 23:00 Beijing time tomorrow, the U.S. Treasury will announce the repo (repurchase) details for 10- to 20-year Treasury bonds. To be honest, this time we’re not looking at a single statement—we’re watching how much力度 (effort/strength) Treasury Secretary Bessent is truly prepared to bring to support the bond market.
🔥 Previously, the Treasury made it clear that before November 4, for each long-term Treasury bond repo, it would invest at least $4 billion. Compared with the prior $2 billion, this is a direct doubling, while still leaving room to further expand the scale.
💡 On September 10, there was a second key piece of information: the Treasury will disclose the exact amount actually purchased since the buyback plan was launched in May 2024. Only by comparing the planned cap with the real execution can we judge whether this round is simply aimed at stabilizing expectations—or whether they’re really going to add substantial cash.
👀 The market broadly expects the final repo力度 to exceed the previously announced target. If the result meets or even surpasses expectations, pressure on long-end U.S. Treasuries could ease. If the numbers come in conservative, market confidence in Bessent’s support for the bond market may take a hit. Even the crypto market may re-evaluate the macro funding environment as a result.
🤔 Do you think what will be announced tomorrow will clearly exceed this $4 billion benchmark?
#美国财政部 #美债回购 #宏观市场 #加密市场
🔥 Previously, the Treasury made it clear that before November 4, for each long-term Treasury bond repo, it would invest at least $4 billion. Compared with the prior $2 billion, this is a direct doubling, while still leaving room to further expand the scale.
💡 On September 10, there was a second key piece of information: the Treasury will disclose the exact amount actually purchased since the buyback plan was launched in May 2024. Only by comparing the planned cap with the real execution can we judge whether this round is simply aimed at stabilizing expectations—or whether they’re really going to add substantial cash.
👀 The market broadly expects the final repo力度 to exceed the previously announced target. If the result meets or even surpasses expectations, pressure on long-end U.S. Treasuries could ease. If the numbers come in conservative, market confidence in Bessent’s support for the bond market may take a hit. Even the crypto market may re-evaluate the macro funding environment as a result.
🤔 Do you think what will be announced tomorrow will clearly exceed this $4 billion benchmark?
#美国财政部 #美债回购 #宏观市场 #加密市场
