A post by @FirstSquawk on X.

The U.S. Treasury accepted $6 billion of $39.636 billion in offers submitted for its latest debt buyback, leaving a roughly 6.6x bid-to-cover ratio. The operation targeted coupon securities maturing between 2037 and 2046 and took in 7 of the 40 eligible issues. The heavy oversubscription signals strong dealer and investor willingness to offload longer-dated paper into the buyback. The selective acceptance across a small slice of the eligible universe matters because it shows the Treasury trimming outstanding long-end supply while keeping the program narrowly focused. Watch next for the composition of the accepted issues and whether similarly elevated offer volumes persist in subsequent buybacks.