⚠️#美国财政部 Completed the largest single debt buyback in history this week—15 billion USD!💸 More than last week's 14.7 billion, the yield of #美债 fell in response. The Ministry of Finance has practically become half a market maker; this kind of action was rare before, and the last regular buyback can be traced back to around 2000.

📉 In the past five years (2018-2023), there were only sporadic buybacks 7 times, with amounts only in the millions; in 2025, it approached 50 times, and in 2026, a single week could see 10 billion, doubling the scale! The problem is that U.S. debt is not only high but also has a mix of old and new, with rollover costs continuously rising. #美联储3月议息会议

💥 The Ministry of Finance is already working this hard, what ammunition can the #美联储何时降息？ Federal Reserve have left? Liquidity reserves are almost at the bottom; if interest rates are not lowered soon, even the northwest wind won't be able to drink...#美国PCE数据将公布