Published: 2026-09-09T11:59:33.000Z
EUR/USD, USD/JPY, DXY flows: Buyback announcement provides some $ interest
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Some focus on buyback size later, ahead of week's key events
Prior to the ECB and then US data, the main focal point for this afternoon is the US buyback announcement. The Treasury is set to provide eligible list and more importantly size at the 11:00ET announcement.
This was of course increased to “at least” USD4bn from USD2bn, with Bessent subsequently underscoring that this was a minimum and it could be more, so there will be a lot of interest in what gets announced on this first op. The long end has been consolidating just off the highs in recent sessions, 30s sitting around the 5 ¼ % reference and 10s pushing up more tightly against the 4.8%~ tops ahead of any extension into the major 4.9-5% highs. Any major upside over the minimum here that adds to perceived curve control mentality, and debt servicing shifting short, could at the margin see some dollar negative reaction on the day.