Citigroup said that US Treasury Secretary Bessent may lower the long-term treasury bond auction scale, and may even completely cancel the issuance of 20-year treasury bonds. Jason Williams, head of US interest rate strategy at Citibank, said that the bank's benchmark forecast is that each auction of 20-year and 30-year treasury bonds will be reduced by 3 billion US dollars, and the gap will be filled by issuing additional short-term treasury notes. The relevant arrangements will be announced in the Ministry of Finance's next quarterly refinancing announcement on November 4.

Citigroup said that US Treasury Secretary Bessent may lower the long-term treasury bond auction scale, and may even completely cancel the issuance of 20-year treasury bonds. Jason Williams, head of US interest rate strategy at Citibank, said that the bank's benchmark forecast is that each auction of 20-year and 30-year treasury bonds will be reduced by 3 billion US dollars, and the gap will be filled by issuing additional short-term treasury notes. The relevant arrangements will be announced in the Ministry of Finance's next quarterly refinancing announcement on November 4.