The Federal Reserve announced a monthly purchase of 40 billion US Treasury notes starting this Friday. The scale is higher than the market's previous expectations. The purpose of this move is to ease short-term interest rate pressure by supplementing the banking system's reserves. This move immediately triggered a comprehensive revision of the 2026 US bond supply forecast by major Wall Street banks, and promoted a general decline in short-term borrowing costs. In addition to the new reserve management operation (RMP), the Federal Reserve will also reinvest about 14.4 billion US dollars in treasury bonds through institutional debt maturity in December to further strengthen support for the capital market.

The Federal Reserve announced a monthly purchase of 40 billion US Treasury notes starting this Friday. The scale is higher than the market's previous expectations. The purpose of this move is to ease short-term interest rate pressure by supplementing the banking system's reserves. This move immediately triggered a comprehensive revision of the 2026 US bond supply forecast by major Wall Street banks, and promoted a general decline in short-term borrowing costs. In addition to the new reserve management operation (RMP), the Federal Reserve will also reinvest about 14.4 billion US dollars in treasury bonds through institutional debt maturity in December to further strengthen support for the capital market.