Market sentiment always changes so quickly, bullish to 150k
The United States maintains the refinancing bond issuance scale from May to July unchanged at $125 billion, in line with market expectations. Some analysts say that this benefits from the Fed's plan to cut the QT balance sheet in half. The United States will also launch its first U.S. Treasury repurchase program since 2002, with a maximum repurchase of $10 billion per month to support liquidity. It will also gradually increase the scale of TIPS auctions and upgrade the 6-week CMB to a short-term U.S. Treasury benchmark.
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