🛸 CASE FILE #253

The U.S. Treasury Could Buy Back Over $24 BILLION of Its Own Debt This Month.

Up to $6 billion in buybacks is scheduled for Thursday, targeting 10–20 year Treasury bonds.

Meanwhile, the 20-year yield reportedly sits at 5.58%, above the 30-year yield of 5.53%.

Citi also expects Treasury Secretary Scott Bessent to reduce 20- and 30-year bond auction sizes by $3 billion each next month.

Washington is trying to manage pressure in the bond market. But is this liquidity support — or a warning sign?