The scale of the U.S. Treasury bond repurchase plan is insufficient, and the market reaction is negative

The U.S. Treasury Department announced that it will purchase at least $4 billion and up to $6 billion of long-term government debt in its expanded repurchase program. U.S. Treasury bonds continued to decline after the announcement, indicating that the scale is smaller than some investors had expected.

Economist Guha stated that it remains to be seen whether the impact of the intervention can be sustained.