Treasury Bond Buyback Stokes Market Uncertainty Ahead of Key Auctions

The Bitcoin price has remained below $79K as the US Treasury prepares to announce a larger bond buyback operation. The move, expected to be in the range of $5-6 billion, will focus on long-term bonds.

Treasury Secretary Scott Bessent's announcement comes ahead of upcoming 10 and 30-year Treasury auctions. A bigger buyback could reduce the supply of net long-dated debt and help contain elevated yields, according to experts.