The US Treasury Department announced that under the expanded treasury bond repurchase plan, the Treasury will purchase up to 6 billion US dollars of long-term government bonds during the initial operation. This maximum amount is three times the $2 billion initially announced by the Ministry of Finance. In order to curb the recent sharp rise in interest rates on loans, the Ministry of Finance unexpectedly announced adjustments to the bond repurchase program on August 19 to “at least double” the scale of such operations. After Finance Minister Bezent publicly stated that the repurchase scale may exceed 4 billion US dollars, some traders have already raised their predictions for Thursday's repurchase operation. Bessent said on Tuesday that although it is impossible to change the “equilibrium” price of US Treasury bonds, his goal is to slow market fluctuations and prevent some kind of narrative that may damage the US bond market from gaining the upper hand. Guneet Dhingra, an American interest rate strategist at BNP Paribas, said before the announcement that only a repurchase limit of 7 billion US dollars can surprise the market, and any scale below this level may trigger selling pressure.

The US Treasury Department announced that under the expanded treasury bond repurchase plan, the Treasury will purchase up to 6 billion US dollars of long-term government bonds during the initial operation. This maximum amount is three times the $2 billion initially announced by the Ministry of Finance. In order to curb the recent sharp rise in interest rates on loans, the Ministry of Finance unexpectedly announced adjustments to the bond repurchase program on August 19 to “at least double” the scale of such operations. After Finance Minister Bezent publicly stated that the repurchase scale may exceed 4 billion US dollars, some traders have already raised their predictions for Thursday's repurchase operation. Bessent said on Tuesday that although it is impossible to change the “equilibrium” price of US Treasury bonds, his goal is to slow market fluctuations and prevent some kind of narrative that may damage the US bond market from gaining the upper hand. Guneet Dhingra, an American interest rate strategist at BNP Paribas, said before the announcement that only a repurchase limit of 7 billion US dollars can surprise the market, and any scale below this level may trigger selling pressure.