The Ministry of Finance’s long-term government bond repurchase operations officially begin today (September 9) — the market will focus on the size of the repurchase. If the repurchase size exceeds expectations → bulls in the right direction. If the repurchase size falls short of expectations or the market has already priced it in → a potential reversal that could backfire on the bulls, leading to bull stop-losses. If there is no new news → the market will continue churning in the 79,000–81,000 range.$VVV