Wrightson: U.S. Treasury to Confirm Remaining Buyback Scale for This Quarter by Thursday to Uphold Market Communication Principles
Lou Crandall, a senior economist at Wrightson ICAP, stated in his latest report that the U.S. Treasury faces pressure to promptly clarify its remaining government bond buyback plans for the current quarter to avoid catching the market off guard again. He emphasized that early clarification of the buyback schedule is crucial for maintaining the Treasury's principle of "regular and predictable" market communication. Delaying key information until September 9, by which time 10-year and 30-year government bonds would have been trading for several days, would raise market concerns about another sudden news shock. On Monday, the U.S. 10-year government bond yield surpassed 4.75% for the first time since January 2025.
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