The U.S. Treasury will announce the size of its debt buyback tomorrow, with the market watching Bessent's level of intervention.

BlockBeats News, September 8 - U.S. Treasury Secretary Bessent's resolve to support the bond market is about to face a test. On Wednesday at 11:00 a.m. Eastern Time (23:00 Beijing Time), the U.S. Treasury will announce the maximum amount of 10- to 20-year Treasury bonds it plans to repurchase. On September 10, the U.S. Treasury will also disclose the exact amount actually purchased under the buyback program launched in May 2024.

Previously, the U.S. Treasury stated that before November 4, it will repurchase at least $4 billion of long-term Treasuries from the market each time, up from $2 billion in prior operations. However, the Treasury retains the discretion to expand the scale of buybacks as needed. Market consensus suggests that Bessent's intervention will ultimately exceed the previously announced repurchase targets.