[The U.S. Treasury to Announce Maximum Amount for 10- to 20-Year Bond Buybacks Tomorrow Night at 23:00] According to foreign media reports, U.S. Treasury Secretary Besent's resolve to support the bond market is about to face a test. On Wednesday at 11:00 AM Eastern Time (23:00 Beijing Time), the U.S. Treasury will announce the maximum amount of 10- to 20-year U.S. Treasury bonds planned for buyback. On September 10, the U.S. Treasury will also disclose the exact amount of purchases made under the buyback program set to begin in May 2024. Previously, the U.S. Treasury stated that it would repurchase at least $4 billion in long-term Treasury bonds from the market each time before November 4, exceeding the previous $2 billion per operation. However, the Treasury still retains the discretion to expand the buyback scale. The market generally expects that Besent's actions will ultimately exceed the previously announced buyback targets.