The U.S. Department of the Treasury will conduct liquidity repo operations in the 10- to 20-year Treasury bond segment of up to $6 billion between 13:40–14:00 (U.S. Eastern time) on September 10, which corresponds to 01:40–02:00 in the East Eight Zone on September 11. The cap is three times that of the previous round of similar operations. Reports from Reuters, Fox Business, and others have confirmed that the Treasury had previously stated it would carry out at least $4 billion in long-end repos this quarter; this time, the cap has been raised again. After the size was announced, the yield on the 10-year U.S. Treasury briefly rose to about 4.8528%, its highest level since November 2023, while the 30-year yield also rebounded to above 5.3%. The market had expected a larger move; after the repo cap was finalized, yields went up rather than down.
Later the same day, at 20:30 in the East Eight Zone, the U.S. August PPI will be released. On September 11, the CPI will also be published. Caution ahead of the Fed’s September 15–16 meeting is expected to intensify. In the crypto market, sentiment remains cautious ahead of the data and the repo execution: CoinGecko shows that $BTC is trading around $783,000 and $BNB around $724. Brent crude oil has recently closed above about $101 per barrel as well, further weighing on risk-asset sentiment. Going forward, it will still depend on how yields and inflation readings move risk appetite, rather than any single piece of news.
#美债回购 #PPI #BTC
Not investment advice
Later the same day, at 20:30 in the East Eight Zone, the U.S. August PPI will be released. On September 11, the CPI will also be published. Caution ahead of the Fed’s September 15–16 meeting is expected to intensify. In the crypto market, sentiment remains cautious ahead of the data and the repo execution: CoinGecko shows that $BTC is trading around $783,000 and $BNB around $724. Brent crude oil has recently closed above about $101 per barrel as well, further weighing on risk-asset sentiment. Going forward, it will still depend on how yields and inflation readings move risk appetite, rather than any single piece of news.
#美债回购 #PPI #BTC
Not investment advice
