US Treasury to Reveal 10- to 20-Year Bond Buyback Cap on Sept. 10 as Markets Watch for Further Expansion
Summary
- The US Treasury plans to announce the maximum buyback size for 10- to 20-year Treasuries at 12 a.m. Korea time on Sept. 10.
- The Treasury has said it would spend at least $4 billion per operation on long-dated Treasury repurchases through Nov. 4, double the previous $2 billion.
- Markets are watching the possibility that the actual purchase amount could exceed the previously announced level, given the recent rise in long-term Treasury yields, along with the prospect of a further expansion in buybacks.
Forecast Trend Report by Period
The US Treasury is set to disclose the size of its long-dated Treasury buyback program, with markets watching whether Treasury Secretary Scott Bessent will expand purchases beyond the current target.
BlockBeats reported on Sept. 8 that the Treasury plans to announce at 12 a.m. Korea time on Sept. 10 the maximum buyback size for Treasuries with maturities of 10 to 20 years. It will then release the actual purchase amount later on Sept. 10.
The Treasury has previously said it would spend at least $4 billion per operation to repurchase long-dated Treasuries in the market through Nov. 4. That is double the previous $2 billion level.
There is also speculation that the Treasury could further increase the buyback size if needed. Markets are also focused on the possibility that the actual purchase amount could exceed the previously announced level as long-term Treasury yields continue to rise.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.