美国财政部将回购60亿美元长期国债

Mike I had. Well, all of our bond market friends are getting the information they were looking for. Uh, the Treasury is going to buy back, uh, $6 billion worth of ten and 20 year notes. The question had been, would they go above the 4 billion that they suggested, which was double the normal 2 billion amount? And they have gone over that maybe to send a message that they are serious about all of this starting on October or starting on September 10th.

Rather, they will raise the size to 6 billion. Uh, tomorrow we get the first buy backs of the day, and you can see the distribution right now of, uh, what we have out there that, uh, people can pick and choose to try to sell back. These will be off the run, uh, treasuries that the Treasury Department has been buying back because they say it's a liquidity need. But, uh, the market thinks that perhaps the ramping up of the number to six, uh, from 2 billion is really more a question of trying to bring down rates.

And, uh, as you can see there, uh, that didn't work immediately. The rates have gone up quite a bit on the ten year note. Now, this is just, uh, early moments, but we'll see how this plays out. The rates right now are higher than they were when they first said they were going to do this at.